Pensions from UK question - US Tax Form
#1
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Folks,
For anyone receiving either the UK State or ex UK Employer pension......what form do you use to report the income on the US Tax Return. I have been using Form 4852 which is a substitute for a 1099-R. It's been ok so far but just wondering if this is correct or what others use?
Thanks
For anyone receiving either the UK State or ex UK Employer pension......what form do you use to report the income on the US Tax Return. I have been using Form 4852 which is a substitute for a 1099-R. It's been ok so far but just wondering if this is correct or what others use?
Thanks
#3
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I use form 4852 (substitute 1099-R) to report my 2 UK private pensions but I really don’t think it matters and know that plenty of others report it as other income and I'm sure the IRS doesn’t care as they get their money anyway. Being a USC living in England I won’t be reporting my OAP at all to the IRS as the tax treaty says it is only taxable in the country of residence.
Note that SS is only taxable in the UK once you are living there.
Note that SS is only taxable in the UK once you are living there.
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#6

If you use Turbo Tax you cannot submit a substitute 1099 as TT requires you input the pension providers tax reference to efile. (I found that out the hard way). So I put my UK pensions under Miscellaneous Income in TT and in the explanation box put Pensions from the United Kingdom. Not sure what other tax software allows.
TT then puts the amount on line 8 of this years 1040. Other income from Schedule 1 line 9.
TT then puts the amount on line 8 of this years 1040. Other income from Schedule 1 line 9.
Last edited by lansbury; Feb 3rd 2021 at 9:36 pm.
#8
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If you use Turbo Tax you cannot submit a substitute 1099 as TT requires you input the pension providers tax reference to efile. (I found that out the hard way). So I put my UK pensions under Miscellaneous Income in TT and in the explanation box put Pensions from the United Kingdom. Not sure what other tax software allows.
TT then puts the amount on line 8 of this years 1040. Other income from Schedule 1 line 9.
TT then puts the amount on line 8 of this years 1040. Other income from Schedule 1 line 9.
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Last edited by lansbury; Feb 4th 2021 at 8:52 pm.