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Retirement tax questions
This helps me greatly as my wife & I are both U.S. citizens on social security however years ago my wife worked in Canada for some time and now is receiving both U.S. social security and the CPP, also just found out she will be getting the OAS this year. I had no idea how to do this in Turbotax and had input it under RRSP or RRIF. Now according to you I should report it as Other Reportable Income. You (DaveF1006) said, "For this, i would give this the description as Canadian CPP and OAS income and then the amount you received in your checking account.” Is this due to the exchange rate of Canadian dollars to U.S.? I note on her NR4 tax form the rate is in CAD which is a different amount than what was deposited into her banking account. So go with the amount deposited into her bank? Thanks for any and all assistance. Much appreciated.