ArleneC
New Member

Retirement tax questions

I have this exact situation for 2022.  I received a lump sum distribution of my Canadian RRSP which the bank withheld taxes.  As a result, I received an NR4 indicating the Gross Income in Box 16 & the taxes withheld in Box 17. 

 

Do I still follow the same entries as detailed in this thread which is:

1) Under Wages & Income, enter the NR4 indicated in Box 16 (converted USD amount) 

2) Under Deductions & Credits, then Estimates and Other Taxes Paid, enter the NR4 indicated in Box 17 (converted USD amount) 

 

Am I paying taxes twice - Canada & USA?