- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
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?
March 13, 2023
2:40 PM