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Federal input screens

Enter foreign pension information

To enter foreign pension information into UltraTax CS, complete the following steps.
  1. On the
    1099R
     screen in the
    Retirement
     folder, mark the
    Foreign employer pension
     checkbox in the Pension/Annuity Information section.
    note
    This field doesn’t apply when the distribution code is
    8
    ,
    P
    ,
    J
    ,
    T
    ,
    R
    ,
    N
    , or
    S
    , or if the
    IRA/SEP/SIMPLE
     or
    Pre-retirement age disability
     checkboxes are marked.
  2. Enter the
    Payer's address
    ,
    ZIP Code
    ,
    foreign country
    ,
    province
    ,
    postal code
    ,
    Payee's address
    , and
    ZIP Code
     if different from the
    1040
     screen.
  3. Complete the
    Gross distribution
     and
    Taxable amount
     fields, and enter any other information in this screen.
note
  • When the foreign pension information is complete, the Foreign Employer Compensation (FEC) or Foreign Employer Pension (FEP) Record requirement is satisfied in the electronic file.
  • Form 8891 is obsolete (as of December 31, 2014, per IRS publication Revenue Procedure 2014-55), so enter Canadian pension information using the steps in this article.
  • Per IRS Publication 915, treat Canadian social security benefits as though paid under the U.S. Social Security legislation. Enter Canadian benefits in the
    SSA-1099
     screen.

This article applies to:

  • PRODUCT: UltraTax CS
  • Return type: 1040 Individual

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