Hello,
I received a NR4 (code 11) from my Canadian employer. In which case I performed the following:
Enter your Canada NR4 (Income code 11) income in the section for US Social Security.
- Type ssa-1099 in Search in the top right
- Select Jump to ssa-1099
Enter your withholding as a foreign tax credit or deduction.
- Type foreign tax credit in Search in the top right
- Select Jump to foreign tax credit
But I also received a 1099-DIV pertaining to this same income (different amount since it took the NR4 income minus canadian tax paid minus the loan principal (took out a employee loan to purchase the company stock) and converted to U.S. dollars. No U.S. taxes were withheld to this distribution.
My Questions
- Do I also input the 1099-DIV reported into TurboTax? Or I don't need to because I am already capturing it when I put the NR4 data into SSA-1099?
- If I am putting the full amount of the 1099-DIV into TurboTax, do I reduce the amount (by what I inputted in the 1099-DIV) to the SSA-1099? (So I am not double counting the income?)
