david3
Level 7

Thanks, Bob.

I'm also wondering if I could just report the foreign pension on the "Other pension and annuities qualifying for Colorado exclusion" line 4 of the Pension and Annuity Exclusion Worksheet.

However, my concern is that the CO instructions for the pension exclusion states that the pension has to be reported on line 4b or 5b on the federal 1040. So my question is how to report the UK pension in PS so that it is reported on line 5b? 

There is no line item for any retirement worksheets that will report foreign pension income other than the Canadian retirement worksheet. You would think PS would have a worksheet option to report pensions from other countries.

The solutions from the Community say to report it as Other Income on the 1040. However, I can see the client getting a letter from the CO Dept. of Rev. denying the pension exclusion reported on 104AD since that amount doesn't appear on the TP's 1040 line 5b.

 So my question is how to report foreign pension income in PS so that it appears on the 1040 line 5b.

Thank you.

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