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I am trying to account for a Canada Pension of $5345.40 I have a confirming document from Canada in US Funds. I don't seem to be able to record it?

It was on my last several years but I don't seem to be able to recod the payment? no catagory?
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JamesG1
Expert Alumni

I am trying to account for a Canada Pension of $5345.40 I have a confirming document from Canada in US Funds. I don't seem to be able to record it?

Are you referring to the government-issued Canada Pension and not a private Canadian pension?

 

If so, the government-issued Canada Pension is explained in IRS Publication 915, page 6:

 

Under income tax treaties with Canada and Germany, social security benefits paid by those countries to U.S. residents are treated for U.S. income tax purposes as if they were paid under the social security legislation of the United States.

 

In other words, if you are a U.S. resident, enter your Canadian CPP and OAS benefits as though you had received a Form SSA-1099 from the Social Security Administration.

 

Follow these directions.

 

  • Down the left side of the screen, click Federal.
  • Down the left side of the screen, click Wages & Income.
  • Scroll down to Retirement Plans and Social Security and click on the dropdown menu.
  • Click Start/Revisit to the right of Social Security.

 

 

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