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Further questions re: Canadian to US tax form equivalent
Looking for further information to file US taxes from Canadian forms/ income
1. NR4 - Canada Pension Plan income
2. NR4(OAS) - Canada Old Age Security income
3. A previous reply stated "The U.S.-Canada tax treaty exempts 15% of these benefits from U.S. tax. "
Does exempt 15% mean I can reduce this income by 15%, or what does it mean?
4. Another previous reply stated "Capital Loss Carryover- in Investments and Savings section, if you have passive loss carryovers, they would be embedded in Rental section.'
Is this referring to the rental section of a specific form (1099-R or other)?
In this same section for Partnership Income, the Canadian form appears to show net, while the US form asks for gross - how do I come up with the correct amount, as it is only a Limited Partnership?