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UK Pension and Uncle Sam

UK Pension and Uncle Sam

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Old Feb 5th 2007, 12:51 am
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Default 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

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Old Feb 5th 2007, 2:32 am
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Default Re: UK Pension and Uncle Sam

Originally Posted by Taffyles
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
Funny you ask that ..I used Turbo tax (online) this weekend for BIL
and did notice a place for that ....forgotten now of course...

I'll you when I do our taxes ...
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Old Feb 5th 2007, 4:28 am
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Default 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.
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Old Feb 5th 2007, 5:55 pm
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Default 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
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Old Feb 7th 2007, 3:05 am
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Default Re: UK Pension and Uncle Sam

Originally Posted by paddingtongreen
It goes on the line for additional income, income for which you don't have a W2 or 1099.
We filed taxes today and i asked about that for my Mum.The tax guy said no need to file.
She would only do taxes if she had interest in a bank account over $10,000 a year.
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Old Feb 7th 2007, 3:06 am
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Default Re: UK Pension and Uncle Sam

Originally Posted by unicorndreams
We filed taxes today and i asked about that for my Mum.The tax guy said no need to file.
She would only do taxes if she had interest in a bank account over $10,000 a year.
did you mean a private pension or the old age pension ?
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Old Feb 8th 2007, 2:23 pm
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Default Re: UK Pension and Uncle Sam

Originally Posted by Taffyles
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
Interesting comment on the Turbo tax forum ..


"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
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