Open TurboTax

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Announcements
Your taxes, your way. Get expert help or do it yourself. >> Get started
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

cancel
Showing results for 
Search instead for 
Did you mean: 
dodiepres
New Member

How do I report as income a Death Benefit I received from Canada from my deceased husband's Canadian Pension Plan Benefits?

 
1 Best answer

Accepted Solutions
KittyM
Level 2

How do I report as income a Death Benefit I received from Canada from my deceased husband's Canadian Pension Plan Benefits?

This would be reported as Other Income.  To enter this benefit on your return, follow the instructions below:

  • Choose the Federal return and the Wages & Income tab.
  • Scroll down to Less Common Income and Show more.
  • Choose Miscellaneous Income, 1099-A, 1099-C.
  • Choose Other Reportable Income and say Yes.
  • The next screen says "Do not enter income reported on Form 1099-MISC".  This is where you will enter the description "Foreign Death Benefit" the amount you received, and who received it, if necessary.

My condolences on the loss of your spouse.

View solution in original post

2 Replies
KittyM
Level 2

How do I report as income a Death Benefit I received from Canada from my deceased husband's Canadian Pension Plan Benefits?

This would be reported as Other Income.  To enter this benefit on your return, follow the instructions below:

  • Choose the Federal return and the Wages & Income tab.
  • Scroll down to Less Common Income and Show more.
  • Choose Miscellaneous Income, 1099-A, 1099-C.
  • Choose Other Reportable Income and say Yes.
  • The next screen says "Do not enter income reported on Form 1099-MISC".  This is where you will enter the description "Foreign Death Benefit" the amount you received, and who received it, if necessary.

My condolences on the loss of your spouse.

Mopsey
Returning Member

How do I report as income a Death Benefit I received from Canada from my deceased husband's Canadian Pension Plan Benefits?

I got your answer re CPP.  Thank you very much.  Will it be taxable once I follow your nice clear instructions?

and

I also got a separate T4 for a Survivor Benefit.  Same procedure?

About Community

Learn about taxes, budgeting, saving, borrowing, reducing debt, investing, and planning for retirement.

3.49m
Members

2.63m
Discussions

Manage cookies
v