Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Mar 27, 2025 9:51:39 AM

I have a Canadian NR4 with income code 09 (Dividends - Other)

I am not Canadian nor do I live there.  The income is a distribution from the demutualization of an insurance company in Canada.

Questions -

1. Do I need to report this on my US 1040?

2. If yes, how do I do this in Turbotax Basic?

 

TIA

David

0 1 928
1 Replies
Expert Alumni
Apr 2, 2025 5:42:57 PM

1. Yes, you must report all US income.

2. You should enter it on a 1099-DIV.