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Hello ziggy1465,
The Earned Income Exclusion only applies to Earned Income. Retirement Income is not considered as Earned Income.
You will convert your Canadian Retirement Income to U.S. Dollars when you report it on your U.S. Tax Return. If you paid any tax to Canada on this income, you may get some Foreign Tax Credit.
Thanks for participating in TurboTax's Ask the Expert event today. I hope this information was helpful!
Have an amazing day.
AR (CPA 10+ years)
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‎October 30, 2024
1:48 PM
6,370 Views