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New Member
posted Jun 4, 2019 1:00:14 PM

I have a Canadian NR4 form with an income code of 11 : "Estate and Trust Income" How do I report this with turbotax?

I have a Canada NR4 form, with Estate and Trust Income reported in Canadian Dollars.   Where and How to I put this into turbotax?

0 4 5628
4 Replies
New Member
Jun 4, 2019 1:00:15 PM

To enter the NR4, treat it as if it is a SSA-1099 and enter it in the Retirement Plans and Social Security section, under ‘Social Security (SSA-1099, RRB-1099)’.

Then, go to the Deductions and Credits section and select Foreign Taxes under ‘Estimates and Other Taxes Paid’ to enter any foreign tax you already paid to Canada on that income

For more info specific to the US/Canadian tax treaty, please see http://www.irs.gov/pub/irs-pdf/p597.pdf

New Member
Jun 4, 2019 1:00:17 PM

I received a NR4 with one account (non-registered mutual fund) having the same income code 11.  Do i enter my 1040 the same way?  Is it just to make it through the TurboTax program faking the SSA-1099?

The 2nd account (non-registered RRSP) also has an income code 11, followed by an exemption code S in Box 28.  Since no withdrawal has been made, so I don't have to deal with it yet.  I'll worry about it when I begin withdrawing the funds.

New Member
Jun 4, 2019 1:00:18 PM

EPHVA

Level 2
Oct 14, 2023 3:21:55 PM

Is there a definitive answer to this anywhere? I have the same issue, and the accounts in question are NOT specifically a trust or estate... it's a MMF account and a T-bill account that are in my name, yet the N4R has code 11... i don't have any paperwork to support a trust or estate. I'm so confused. 😕