ThomasM125
Expert Alumni

Retirement tax questions

Assuming you did not take an early distribution (before you reach age 59 1/2) from your Canadian retirement account, you would use code "7" for a normal distribution on the entry screen for Form 1099-R. If it was an early distribution, you would use code "1". 

 

You would only enter the taxes withheld on the Form 1099-R entry if they were paid in to the IRS, which seems unlikely since it is a Canadian account. If the taxes were paid to the Canadian government, you can enter them in TurboTax as foreign taxes and you may be due a credit for foreign taxes paid:

 

Choose the Foreign Taxes option under Estimates and Other Taxes Paid:

 

 

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post