Here are the steps to enter your Canadian NR4
Statement:
- While signed into your
TurboTax account, Select Federal Taxes (top of program)
- Select the Wages &
Income sub-tab
(under Federal Taxes, top left of program)
- Select Retirement
Plans and Social Security (may have to click "Skip to all income" to see all income
choices)
- Select Start or
Revisit next to Social
Security (SSA-1099, RRB-1099)
The TurboTax
interview will guide you through entering your NR4.
To enter any foreign tax you
already paid to Canada, follow these steps:
- Select the Deductions
& Credits
sub-tab (under Federal Taxes, top of program)
- Select Foreign
Taxes under Estimates
and Other Taxes Paid (may have to click "skip to all tax breaks" to see all deduction
choices)
Enter the amounts on
your NR4 converted to U.S. dollars as of the
transaction date. Please click this link for historical conversion
rates: https://www.fiscal.treasury.gov/fsreports/rpt/treasRptRateExch/treasRptRateExch_home.htm
Click on screenshots below for more detail
For more info
specific to the US/Canadian tax treaty, please see http://www.irs.gov/pub/irs-pdf/p597.pdf
