- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Retirement tax questions
- Edit the "Foreign Tax Credit"
- Did you pay taxes on foreign income? Yes
- Have you already reported your foreign income? Yes
- Continue
- Take the credit
- Continue
- Do you want to use the "Simplified Method for AMT" Read the page and select either "Yes or No" as applicable to your situation. Either one will still allow the interview to continue.
- Completing the form 1116 - Continue
- Foreign Tax Credit Worksheet - Continue
- Choose the Income Type - General Category
- Add a country - Canada or Edit Canada if already populated
- Verify/Select Canada
- Description - Pension Income Amount - US dollars
- Probably no expenses - Continue
- Foreign Losses - Continue
- Does your total taxes paid include amounts reported on 1099...." "No, I have ...wages."
- Enter the amount paid in US dollars in the Other Income box
- 12/31/2022 in the date box
- Done
- Continue
- Paid
- Done and continue through the interview
- US resident country when asked
- No, adjustments when asked
- Yes you are done entering when asked
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
‎April 17, 2023
9:41 AM