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Get your taxes done using TurboTax
You would enter this as unearned income on your return and then claim a foreign tax credit for the foreign taxes that were paid. To enter the income go to:
- Open your return in TurboTax
- Click on Wages & Income
- Scroll down to All Income
- Scroll down to Less Common Income
- Scroll down to Miscellaneous Income, 1099-A, 1099-C
- Click start
- Scroll down to Other reportable income
- Enter description and amount Here you wou list EAP from RESP and then the amount of the income.
To receive credit for the foreign taxes paid.
- Go to federal
- Click on Deductions & Credits
- Scroll down to Estimates and Other Taxes Paid\
- Select foreign taxes
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March 13, 2023
9:59 AM