UK Pension and Uncle Sam
#1
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Location: Florida
Posts: 1,296
UK Pension and Uncle Sam
Hubby started getting his UK pension last year, does anyone know where we report it on the tax return? I'm using Turbo Tax....please help, someone....anyone....RAYYYYYYYYYYYYYYYYY
Last edited by Taffyles; Feb 5th 2007 at 1:02 am.
#2
Re: UK Pension and Uncle Sam
and did notice a place for that ....forgotten now of course...
I'll you when I do our taxes ...
#3
Re: UK Pension and Uncle Sam
It goes on the line for additional income, income for which you don't have a W2 or 1099.
#4
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Joined: Mar 2003
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Re: UK Pension and Uncle Sam
Thanks Ray and Paddington That's where I ended up putting it- in miscellaneous income. I remember reading something on here about it making a difference where you report your pension on the tax return - as to it being taxed as earned income or pension - but that was a long time ago, and the search engine hasn't found anything. Thanks for your help
#7
Re: UK Pension and Uncle Sam
Thanks Ray and Paddington That's where I ended up putting it- in miscellaneous income. I remember reading something on here about it making a difference where you report your pension on the tax return - as to it being taxed as earned income or pension - but that was a long time ago, and the search engine hasn't found anything. Thanks for your help
"To try and resolve this I had a protracted e-mail correspondence with Turbotax followed by a lengthy phone call. The outcome is that Turbotax does not handle foreign pensions and I was advised to seek professional help! Apparently my problem was exacerbated by my being a foreign resident and thus had paid foreign taxes on my pension. Turbotax were not able to process the pension income or help at all.
There are hundreds of thousands of US expatriots around the world and it is clear from Blogs etc. that I am not alone with this problem. Turbotax are cutting themselves off from a huge customer base by not including software to handle foreign pensions and taxes within its software - it can't be that complex."
http://forums.turbotax.com/intuit/bo...y.id=9753#M102