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