DaveF1006
Expert Alumni

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:

 

  1. Open your return in TurboTax 
  2. Click on Wages & Income 
  3. Scroll down to All Income 
  4. Scroll down to Less Common Income 
  5. Scroll down to Miscellaneous Income, 1099-A, 1099-C 
  6. Click start 
  7. Scroll down to Other reportable income 
  8. 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.

 

  1. Go to federal
  2. Click on Deductions & Credits
  3. Scroll down to Estimates and Other Taxes Paid\
  4.  Select foreign taxes
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