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April 3, 2023
Question

SERVICE PENSION

  • April 3, 2023
  • 1 reply
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I get pension for my services in a public sector bank in India, after retirement.  Please advise as to where and how  to report the pension on 1040SR and 8938 form

    1 reply

    April 3, 2023

    To report your foreign pension in TurboTax follow these steps:

    1. Log in to your TurboTax account if it is not open.
    2. Select the Wages & Income tab.
    3. Scroll down to Less common income click Show more.
    4. On the page Let's Work on Any Miscellaneous Income click on Other reportable income.
    5. On the page Any Other Taxable Income?  select yes.
    6. On the page, Other Taxable Income enter Foreign Pension for the description and the amount.
    7. Select continue and answer No on the next page.
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