Hi Dave, Thank you for your guidance. I have a quick question.
I am a resident of Canada. I received a 1042-S for an annuity payment in 2021. They filed it incorrectly because they withheld around 19% as opposed to 15% (based on US-Canada Tax treaty). The only income I received from the US in 2021 is the 1042-S. Can I use the Turbotax software to just enter the 1042-S income and file my 1040?
My substantial presence test shows that I have to file the 1040 and not the 1040NR this year.
I will be filing a Canadian Tax return, so I have to apply the foreign tax credit correctly. With regards to 1099-DIV and a 1099-B (1st two months of 2021, I had a US brokerage account that I was trading on while the securities were being transferred to Canada). So all my 1099-DIV, 1099-B and 1099-MISC, I will be reporting them on my Canadian return.
So my question is, could I use Turbotax software and file the 1040 with just my 1042-S? Would appreciate your response. Thanks!
