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Retirement tax questions
Yes, enter Canadian Form NR4, code 39 as 1099-R pension benefits.
The IRS publication 597 you referenced on page 3, column 1, that: "Pensions do not include social security benefits."
To add Canadian Form NR4, code 39 as if it were Form 1099R (retirement income):
1. Sign In to TurboTax Online.
2. Select "Take me to my return"
3. Select the "Search" or "Help" icon.
4. Type "1099-R" and select "Jump to 1099-R"
5. Select "Add a 1099-R" and continue through the interview questions.
To add the foreign taxes paid :
- Click “Federal Taxes” tab
- Select "Deductions and Credits"
- Scroll down to "Estimates and Other Taxes Paid"
- Press "Start" or "Revisit" next to "Foreign Taxes" to begin the interview.
- enter the foreign taxes paid to Canada on your NR4.
Remember to convert the Canadian funds to US $ before entering into TurboTax.
June 3, 2019
1:40 PM