How do I enter retirement income from another country when I don't have an EIN?

Forum|Forum|6 years ago
June 6, 2019
1 reply
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I receive retirement income from another country (Australia). I tried to create a 1099R but I don't have an EIN. Should I enter it differently?

TurboTax Premier Online

Best answer by PopeyeTheSalior

To enter a foreign retirement in TurboTax online program, you will need to create a substitute form 1099-R.

Here are the steps:

Sign in to your account and select Pick up where you left off
At the right upper corner, type in 1099r, then Enter
Select Jump to 1099r
On-screen, Your 1099-R, answer Yes and select Continue
Next screen, Choose your bank or brokerage, select I'll type it in myself
On the screen Tell Us Which 1099-R You Have, check the box I need to prepare a substitute 1099-R and follow the prompts.

As to the Federal ID, if your foreign issuer does not have the ID number, try entering nine 9s. If electronic errors occur due to 1099-R data entry, enter the pension under Miscellaneous income, see below instructions. As long as the IRS has the pension reported and included in total income, it is not problematic.

To your left, select Federal
From the top, select Wages and Income
Scroll down to last section -Less Common Income -select Miscellaneous Income, 1099-A, 1099-C- Start
Next screen, scroll down to Other Reportable Income- Start
Follow prompts

For more information, see http://www.irs.gov/Businesses/The-Taxation-of-Foreign-Pension-and-Annuity-Distributions

PopeyeTheSaliorAnswer

Employee

To enter a foreign retirement in TurboTax online program, you will need to create a substitute form 1099-R.

Here are the steps:

Sign in to your account and select Pick up where you left off
At the right upper corner, type in 1099r, then Enter
Select Jump to 1099r
On-screen, Your 1099-R, answer Yes and select Continue
Next screen, Choose your bank or brokerage, select I'll type it in myself
On the screen Tell Us Which 1099-R You Have, check the box I need to prepare a substitute 1099-R and follow the prompts.

To your left, select Federal
From the top, select Wages and Income
Scroll down to last section -Less Common Income -select Miscellaneous Income, 1099-A, 1099-C- Start
Next screen, scroll down to Other Reportable Income- Start
Follow prompts

For more information, see http://www.irs.gov/Businesses/The-Taxation-of-Foreign-Pension-and-Annuity-Distributions

Frank1953

Employee

This doesn't answer why TurboTax isn't intelligent enough to allow the field to remain blank. Form 4852 says "Employer's or Payer's Identification Number (if known)" but then requires entry of a number or it prohibits e-filing. TurboTax 2016 was smart enough to accept 00-0000000 - why is TurboTax 2017 all of a sudden so stupid?