I have a Foreign pension which is entered under pensions and as Other Income causing my AGI to be incorrect. How do I fix it?

Forum|Forum|1 year ago
March 14, 2025
1 reply
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I actually have two pensions, The sum of both is included on schedule 1 against one of them. The review also wants a value for the second. I can't correct the first and typing the second value in just results in it being added to my AGI twice. I can't correct that either. Has anybody else had a problem with substitute 1099-Rs?

AmyC

Employee

You should be able to edit the forms. You should see a summary of 1099 entries where can you select a pencil, or edit/revisit.

Are you:

using the substitute 1099-R form or
are you making a regular 1099-R entry and using fake numbers for EIN, 99-9999000
entering it as other income

You only need to enter your pension once. If you have it under other income to subtract it for the treaty, that is fine. Depending on your state, you want to enter it as a 1099-R rather than other income.

To revisit other income, go to the federal income section

scroll to the bottom
Miscellaneous Income, 1099-A, 1099-C, Start
Scroll to the bottom
Other reportable income, Start
Other taxable income?
Select YES
you should be able to edit prior entries made in this section.

If you don't need the 1099-R, it can be deleted.

If you want to reply with the state and any particular concerns, we can help guide you.

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davecarrderAuthor

Thanks for the response AmyC. I entered the information as pensions and then clicked the button for substitute Form 1099-R. The program has changed from previous years as this question is in a different place. everything seemed to work as usual except the running tax owed number looked wrong. When running the review the program said there were some items to check and it presented the schedule 1 line item for Other Income. There were two lines - Pension A and Pension B, but the total of both was listed for Pension A. Pension B was blank and the program wanted a number! I could not edit A but added B thinking I could then correct A. Wrong move! Now Pension B was in there 3 times. I went back and deleted the pensions. I also went to Misc income and entered NO to the question "did I have any Misc Income" (maybe I should have said yes and deleted the items) but it did not change schedule 1 .One other thing I did differently was to click the button to print the Form 4852 for both Pensions. TT gives the option if not e-filing. I actually have 3 UK pensions and I did not print form 4852 for the third one and had no problems with it.

Sorry to say I wanted to file ASAP so I redid the whole thing by hand and filed by mail yesterday.

On another note the TIN is always an issue with the 1099-R. It would seem to be such an easy fix to not require a TIN if one is completing a substitute form.