Yes, you will enter an amount in both boxes. Enter Gross Distribution, then Taxable Portion (Gross minus Tax paid).
Then, claim the Foreign Tax Credit for the amount of Canadian Tax you paid. Here's the steps:
- At the right upper corner, in the search box, type in "foreign tax credit" and Enter
- Select Jump to foreign tax credit
- Follow prompts
- On screen, "Tell Us About Your Foreign Taxes", do not check the first box.
- (First box says -you have no more foreign taxes to enter other than the 1099-DIV, 1099-INT, 1099-OID or a Schedule K-1)".
- Follow prompts
- Choose the Income Type, select "Passive Income"
- On screen, "Country Summary", add Canada
- On screen, "Other Gross Income", enter Canada RRSP and the Gross Distribution amount
- On screen, "Foreign Taxes Paid", under foreign taxes on Other Income, enter the amount of Canadian tax you paid
@bntax_2023
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
