Yes, this income would need to be reported as other income in your US return. The information that was relayed to you regarding reporting at 85% is false and you need to disregard this advice. Since CPP and OAS income is not social security type income like RRSP or RRIF, this must be reported as other income in your return. Here is how to report.
- Select Federal Taxes>Wages and income>choose what you work on
- Scroll to the bottom of the page to less common income>miscellaneous income 1099 A....select it
- Scroll to the bottom of this page to Other Reportable Income
- Other taxable income, answer yes
- Then give a brief description of the income and the amount listed. For this, i would give this the description as Canadian CPP and OAS income and then the amount you received in your checking account.
@twm50
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