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January 26, 2022
Question

foreign income

  • January 26, 2022
  • 1 reply
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I received income from an IRA in Puerto Rico. Do I need to report that income as an income received from a foreign country?

    1 reply

    January 26, 2022

    Yes, you would need to indicate that the payer has a foreign address. If you don't have a Form 1099-R, you would still enter the information under Retirement Plans and Social Security. If the payer has a Federal ID number, you would enter that also.

     

    Here are instructions on entering a 1099-R. If you do not have one, enter the information that matches the categories.

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