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Retirement tax questions
Thanks very much. I followed your advice and simply used the Misc. Income section to report the NR4 Code 06 income.
Not to be greedy with my questions, but can you tell me how to claim the foreign tax credit for the tax I will pay in Canada?
The foreign tax credit section of my return TurboTax walks me through getting a credit for foreign taxes reported on my 1099-DIV but I don't see where to add foreign taxes paid in Canada.
(For interest to some readers: I have filed a Canadian Non Resident income tax form and am waiting for the results. What I learned was that non-residents of Canada do not get deductions so that we pay 15% income tax from dollar 1 up until $55k, I think. Since I was below this threshold, I expect to pay 15% income tax in Canada and get a refund because 25% was withheld. I will wait for a few weeks to confirm my calculations before filing in the US to avoid needing to do an amendment in the US)