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Retirement tax questions
@Irene2805 - Hi so I think the issue is that for the below information ::: When you go to Federal > Deductions and Credits. Foreign Taxes > Take a Credit > It only asks about credits paid on previous years (2019 being the latest when I'm filing for 2020) My income was paid through a RRSP , NR4 Code 43 (Where you can enter in a RRSP withdraw information has nothing about taxes being paid) The amount was withdrawn and taxes were automatically witheld during the RRSP withdraw in 2020 --- The "Take a Credit" option on foreign taxes has no option for the current tax year you are filing for only for previous years where you paid foreign taxes. I'm not sure how to indicate I paid foreign taxes for the current 2020 the year that I am filing for?
These steps are only for previous years where taxes were paid not the current tax year
- Click on Federal > Deductions & Credits
- Scroll down to the Estimates and Other Taxes Paid section and click on the box next to Foreign Taxes
- On the Do You Want the Deduction or the Credit screen, click on the Take a Credit box.
- Continue through the screens, entering the requested information .