Entering RRSP distribution and foreign tax paid from NR4 as a US resident

Ahoy · ‎June 6, 2019

I closed and withdrew all the funds from my Canadian RRSP in 2017. I'm lost on how to enter it into Turbotax.

I've tried entering as a distribution of my Canadian RRSP but then I can't figure out how to get the foreign tax credit.

Other posts suggest using SSA-1099.

Any help would be greatly appreciated.

SandraM · ‎June 6, 2019

To enter the NR4, treat it as if it is a SSA-1099 and enter it in the Retirement Plans and Social Security section, under ‘Social Security (SSA-1099, RRB-1099)’.

Then, go to the Deductions and Credits section and select Foreign Taxes under ‘Estimates and Other Taxes Paid’ to enter any foreign tax you already paid to Canada on that income

For more info specific to the US/Canadian tax treaty, please see http://www.irs.gov/pub/irs-pdf/p597.pdf

Entering RRSP distribution and foreign tax paid from NR4 as a US resident

Deductions & credits