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Level 1
posted Apr 2, 2021 4:46:12 PM

Canada retirement benefit

I have some small amount of Canada retirement benefit. Canada has withheld taxes before sending the check. Do I still need to report to 1040?

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1 Replies
Employee Tax Expert
Apr 2, 2021 5:08:42 PM

Yes, you do need to add that income on your US tax return, assuming you are required to file one.

 

You will see an option to enter a substitute form 1099-R when you enter the pension income in TurboTax: