I have a Canadian NR4 with income code 09 (Dividends

davedude46 · Mar 27, 2025 9:51:39 AM

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? TIADavid

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

posted

1. Yes, you must report all US income.

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

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