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Retirement tax questions
You should post an NR4 as a Social Security transaction.
- Boxes 16 & 17 are all you will need.
- Enter the NR4, treat it as if it is an SSA-1099
- Enter it in the Retirement Plans
- Social Security section, under ‘Social Security (SSA-1099, RRB-1099)’.
- Then, go to the Deductions and Credits
- Select Foreign Taxes under ‘Estimates and Other Taxes Paid’
- 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
- Currency exchange may not have been updated for 2022 yet, but they will be published here: Yearly Average Currency Exchange Rates - IRS
- There is no TIN for Social Security.
- You should combine all of the NR4's together.
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January 24, 2023
10:09 AM