It depends. You can report this as other income as such. Log into your account Select Wages and income Less Common income Miscellaneous Income, 1099-A, 1099>start Scroll to the bottom of the page to Other Reportable Income Other taxable income, answer yes Then give a brief description of the income and the amount listed.. Once this appears in a summary screen, click on the Add Miscellaneous Income Item and then call it UK Pension Income and then record the amount.

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susanyearling

Question

Where do I report pension withdrawal from the UK? Less than 15K

Forum|Forum|1 year ago
January 14, 2025
1 reply
0 views

No text available

DaveF1006

It depends. You can report this as other income as such.

Log into your account
Select Wages and income
Less Common income
Miscellaneous Income, 1099-A, 1099>start
Scroll to the bottom of the page to Other Reportable Income
Other taxable income, answer yes
Then give a brief description of the income and the amount listed..
Once this appears in a summary screen, click on the Add Miscellaneous Income Item and then call it UK Pension Income and then record the amount.

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susanyearlingAuthor

Should it be listed under retirement benefits or income? Also, is there a form to calculate conversion of pounds to dollars?

RobertB4444

It'll be listed under retirement income. You'll enter it as a replacement 1099-R. And you should convert the pounds to dollars. You can use an average for the year or the actual dates that you received each payment. Just be consistent in whatever method you use to convert the currency.

You can also deduct any foreign taxes you pay involved in receiving the pension.

@susanyearling

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