Get your taxes done using TurboTax

Dear Dave,

Thank you so much for your reply. 

 

My research indicated that is should be reported under Misc Income, so I did that. However, I was unable to ever trigger the "do you have other types of foreign income". 

 

The TT help also indicates that I need to enter foreign income credits in order of largest to smallest. Is that still true. So if the taxes paid on this inheritance are larger than the foreign taxes attached to my other 1099s, how would I do this. I've only been successful if I enter the NR4 info as a 1099-int and indicate that foreign taxes were paid. Then I can work on the form 1116 in whatever order I want. 

 

That said, the rules are pretty clear on what to do (estate paid taxes on bulk of RRSP at date of death), I am responsible for taxes on the gains until the check is cut (on the NR4). I need to file a F3520 (over 100k transferred, mfj), FBAR (over 10k at any time in year), but do NOT need to file form 8938 (account closed by year end, and never exceeded 150k during the year).

 

I'll give it a try again, and report back. 

Thanks