- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
The NR4 can be reporting different kinds of income. It needs to be entered on the US version. Code 11 is rust income. Trust income is reported on a k-1. Be sure to convert to US dollars. See Yearly Average Currency Exchange Rates | Internal Revenue Service.
You may not have the information to fill out a k-1 correctly. If not, then other entries are optional. I would be tempted to use misc. income where you enter a description, NR4 code 11 income. This is second choice after proper k-1 entry:
To enter the NR4:
- You would go to personal income,
- scroll to the bottom to misc income,
- start,
- scroll to the bottom again,
- other reportable income,
- start.
- enter description - NR4 code 11 trust income
- enter US $ amount
See Appendix B. for codes.
Your cousin reported on 1099-INT which is for interest earned.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
‎January 26, 2024
12:15 PM