@vasukadambi Reporting this is a two-prong process. First report your Canadian Distribution.
- In the program, from the top, select tab Federal taxes
- Go to Retirement Plans and Social Security>Canadian Registered Pension Income>start
- Answer all the questions regarding the distribution.
Now to claim a foreign tax credit for taxes paid to Canada.
- Go to federal>deductions and credits
-
Estimates and Other Taxes Paid>foreign tax credit
-
To complete this section, you need to complete form 1116, which is not available until 3/03. As you complete this section, Turbo Tax will inform you that Form1116 isn't ready yet.
To enter a foreign tax credit on form 1116, go to:
1. After sign into your account, select Take me to my return
2. At the right upper corner, in the search box , type in foreign tax credit and Enter
3. Select Jump to foreign tax credit
4. Start with screen Foreign Taxes and select Continue to follow prompts.
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