I am a US resident with a Canadian NR4 for pension income. I try to enter it as suggested in posts but can not enter the canadian Payer/EIN. Turbo tax field requires numbers only and the payer/ein on the NR4 starts with letters.
You have two options to report this income on your U.S. tax return - you can enter your foreign pension income as a substitute form 1099-R OR you can enter the foreign pension income on Form 1040, Line 21 as "other income" or "foreign pension." (preferable)
To enter your foreign pension income as a substitute form 1099-R:·
To enter the foreign pension income on Form 1040, Line 21 as "other income" or "foreign pension", go to the "Less common income" section of Federal Taxes > Wages and Income, and select the very last option "Miscellaneous Income". If you choose this way, then you won't have to create a substitute Form1099-R, by filing Form 4852. However, the end tax result (in terms of United States tax rate and amount assessed) will be identical under both methods. This method will avoid the problems with the payer ID number.
With US earned income, medical plan costs and insurance are deducted from the gross income. If someone is claiming income on a NR4, and there is medical plan insurance costs that are deducted at source, the NR4 does not deduct from the gross income as the USA earned income because it is not treated the same. I have been claiming my NR4 without taking that into account, should I deduct medical insurance costs from the NR total income amount much the same as the earned income in the USA is reported?