Solved: Where do I enter retirement income from Canada? (NR4)
cancel
Showing results for 
Search instead for 
Did you mean: 
Highlighted
New Member

Where do I enter retirement income from Canada? (NR4)

 
1 Best answer

Accepted Solutions
Highlighted
New Member

Where do I enter retirement income from Canada? (NR4)

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 information specific to the US/Canadian tax treaty, please see this link:  http://www.irs.gov/pub/irs-pdf/p597.pd


View solution in original post

4 Replies
Highlighted
New Member

Where do I enter retirement income from Canada? (NR4)

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 information specific to the US/Canadian tax treaty, please see this link:  http://www.irs.gov/pub/irs-pdf/p597.pd


View solution in original post

Highlighted
New Member

Where do I enter retirement income from Canada? (NR4)

When trying to enter the foreign tax, TT wants me to fill in form 1116. Perhaps I am not choosing values correctly (I selected re-source), but net result is 0 credit, some questions about AMT, just a future carryover. Does this make sense?
Highlighted
New Member

Where do I enter retirement income from Canada? (NR4)

I would not report NR4 as SSA-1099 because of calculations that limited amount of SS income reported versus received.
Highlighted
New Member

Where do I enter retirement income from Canada? (NR4)

The link does not work
v
Privacy Settings