Hi, thanks so much for the really excellent and detailed explanation. I sent a request to the Canadian insurance company to see if they can send me the spreadsheet I need.
One question: Are you suggesting that I NOT just report the total amount received, subtract the foreign taxes paid (as federal non-resident tax) and simply report the net amount as Other Income? I get the sense this is not the preferred strategy, right?
Thanks again and Happy New Year!
Gary
