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Should I enter a Canadian NR4 with income code 39 as 1099-R or SSA-1099.
The current recommendation is to enter my NR4 (income code 39) as SSA-1099 but 10 years ago Turbo Tax Pro advised to use 1099-R. Can you confirm which should be used since I don't think that the tax treatment has changed.
Current recommendation https://ttlc.intuit.com/questions/3756968
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Should I enter a Canadian NR4 with income code 39 as 1099-R or SSA-1099.
Yes, enter Canadian Form NR4, code 39 as 1099-R pension benefits.
The IRS publication 597 you referenced on page 3, column 1, that: "Pensions do not include social security benefits."
To add Canadian Form NR4, code 39 as if it were Form 1099R (retirement income):
1. Sign In to TurboTax Online.
2. Select "Take me to my return"
3. Select the "Search" or "Help" icon.
4. Type "1099-R" and select "Jump to 1099-R"
5. Select "Add a 1099-R" and continue through the interview questions.
To add the foreign taxes paid :
- Click “Federal Taxes” tab
- Select "Deductions and Credits"
- Scroll down to "Estimates and Other Taxes Paid"
- Press "Start" or "Revisit" next to "Foreign Taxes" to begin the interview.
- enter the foreign taxes paid to Canada on your NR4.
Remember to convert the Canadian funds to US $ before entering into TurboTax.
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Should I enter a Canadian NR4 with income code 39 as 1099-R or SSA-1099.
Yes, enter Canadian Form NR4, code 39 as 1099-R pension benefits.
The IRS publication 597 you referenced on page 3, column 1, that: "Pensions do not include social security benefits."
To add Canadian Form NR4, code 39 as if it were Form 1099R (retirement income):
1. Sign In to TurboTax Online.
2. Select "Take me to my return"
3. Select the "Search" or "Help" icon.
4. Type "1099-R" and select "Jump to 1099-R"
5. Select "Add a 1099-R" and continue through the interview questions.
To add the foreign taxes paid :
- Click “Federal Taxes” tab
- Select "Deductions and Credits"
- Scroll down to "Estimates and Other Taxes Paid"
- Press "Start" or "Revisit" next to "Foreign Taxes" to begin the interview.
- enter the foreign taxes paid to Canada on your NR4.
Remember to convert the Canadian funds to US $ before entering into TurboTax.
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Should I enter a Canadian NR4 with income code 39 as 1099-R or SSA-1099.
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Should I enter a Canadian NR4 with income code 39 as 1099-R or SSA-1099.
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Should I enter a Canadian NR4 with income code 39 as 1099-R or SSA-1099.
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Should I enter a Canadian NR4 with income code 39 as 1099-R or SSA-1099.
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Should I enter a Canadian NR4 with income code 39 as 1099-R or SSA-1099.
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Should I enter a Canadian NR4 with income code 39 as 1099-R or SSA-1099.
Click Federal (or Personal)>Wages & Income
• Select "Edit/Add" on the "Your income" summary screen
• To add a new W-2: scroll down and select "Add a W-2 for ..."
• To update the W-2 address: press "Edit" on the "Here's your W-2 info" screen
• Open the pulldown menu under "Address type" and select "Foreign Address"
• Click on the pulldown menu under "Country" and select "Canada"
Press "Continue" when finished.
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Should I enter a Canadian NR4 with income code 39 as 1099-R or SSA-1099.
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Should I enter a Canadian NR4 with income code 39 as 1099-R or SSA-1099.
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Should I enter a Canadian NR4 with income code 39 as 1099-R or SSA-1099.
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Should I enter a Canadian NR4 with income code 39 as 1099-R or SSA-1099.
I am unsure how to enter an NR4 Code 39 as a 1099-R in TurboTax. For example, the the 1099-R Box 7 is to "Select a code(s) that matches Box 7 of your 1099-R". What do I input there? 7? Thanks.
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Should I enter a Canadian NR4 with income code 39 as 1099-R or SSA-1099.
Box 7 Code 7 is for regular retirement received on a regular basis.
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Should I enter a Canadian NR4 with income code 39 as 1099-R or SSA-1099.
I did exactly this. The problem for me is that the IRS is rejecting the return because the payer identification number doesn't match IRS records. Turbo Tax adds a hyphen in the number that is not present on the NR4 form. I've been unable to contact anyone for help. Suggestions?
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Should I enter a Canadian NR4 with income code 39 as 1099-R or SSA-1099.
You can enter the income as "Other Income" if you don't file a tax return for a state that has special treatment of pension income. You can do so in TurboTax as follows:
1. Go to the "Federal" section of TurboTax
2. Click on "Income and Expenses"
3. Find "Less Common Income" and choose the last entry "Miscellaneous Income"
4. On the next screen, "Miscellaneous Income" choose the last entry "Other Reportable Income"
5. Enter a description for your entry, and enter the taxable amount you want to include
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