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Returning Member
posted Mar 8, 2020 2:30:11 PM

Where to enter Canadian tax paid on a RRSP distribution (I have a NR4)

Income Code 26.

0 1 552
1 Replies
Expert Alumni
Mar 8, 2020 2:50:59 PM

Foreign taxes paid are entered into the Foreign Tax Credit section of TurboTax.

 

Here's how to enter your Canadian taxes into TurboTax.

  1. Make sure you've entered all your foreign income.
  2. From within your return, search for foreign tax credit and select the Jump to link in the search results.
  3. Answer Yes to Did you pay foreign taxes in 2019 or have credits to use from a prior year?
  4. Follow the instructions to get the credit or deduction.

In most cases, taking the credit works out better than the deduction. We'll help you decide which one's best for you when you go through this section.

If you choose to take the credit (most people do), we'll attach Form 1116Foreign Tax Credit if your situation requires it.