topic I have the same issue! in Deductions & credits

How do I report Form NR4, code 43, taxes paid in Canada on Turbo. I was able to enter income, but can't find how to enter foreign taxes paid

dagestan — Sat, 01 Jun 2019 17:25:49 GMT

I was able to enter income, but can't find how to enter foreign taxes paid.

I tried to work it as Foreign tax

To report your Canadian tax paid on your retirement incom...

KarenJ — Sat, 01 Jun 2019 17:25:52 GMT

To report your Canadian tax paid on your retirement income for foreign tax credit:

Enter foreign tax credit in the search box at the top of the page and click the Jump to link
Click 'Yes" you paid foreign taxes
Click through the screens regarding foreign interest and dividends
Click yes that you have reported all your foreign income already in TurboTax
Click that you want to take a credit
Answer question about the Simplified Limitation Election
Choose income type retirement income for - it will be Passive income
Add Canada as the country
Enter description -Canadian Retirement
Enter Income amount that you previously reported in TurboTax
Enter your taxes you paid on your foreign income in the box "Other income"
Continue through ALL the foreign tax credit screens until done.

I was able to follow till step 10. Step 11 - did not see...

dagestan — Sat, 01 Jun 2019 17:25:54 GMT

I was able to follow till step 10. Step 11 - did not see "Other Income". I clicked "Foreign taxes paid" box. enter paid taxes in Reduction in Taxes - but foreign taxes on my summary is still 0. Advise please

I have the same issue!

pgraham6299 — Sat, 01 Jun 2019 17:25:54 GMT

I have the same issue!

You enter your income and description (#9 above) on the s...

KarenJ — Sat, 01 Jun 2019 17:25:56 GMT

You enter your income and description (#9 above) on the screen "Other Gross Income - Canada". The next screen is Definitely Related Expenses -Canada, after that screen is Foreign Losses. Then click Continue and the next page is Foreign Taxes Paid -Canada. This is where you enter the Foreign Taxes on Other Income. I added a screen shot to my answer above.

It is still not taking in consideration taxes paid in Can...

dagestan — Sat, 01 Jun 2019 17:25:57 GMT

It is still not taking in consideration taxes paid in Canada, when I choose Passive income. However, when I choose Lump Sum, I got to Foreign Losses screen. I got a message: "Your Lump-Sum distribution income tax credit exceeded your allowed credit. You may be able to carry forward or possibly carry back your excess credit to last year's return." Does it mean that I am not eligible? So, income I got from Canada is being added to my gross income but taxes paid to Canada are not ?

Where do I find the screen shot?

pgraham6299 — Sat, 01 Jun 2019 17:25:58 GMT

Where do I find the screen shot?

Scroll up to the answer. There is a little box at the bo...

VolvoGirl — Sat, 01 Jun 2019 17:25:59 GMT

Scroll up to the answer. There is a little box at the bottom of the answer, Click on that to enlarge it.

Question to TurboTaxKarenJ - I am following all instruct...

dagestan — Sat, 01 Jun 2019 17:26:00 GMT

Question to TurboTaxKarenJ - I am following all instructions, but as a result, I don't see any Foreign credit being calculated. Distribution amount I received from Canada is being added to my income, refund goes down, but taxes I paid tin Canada -25% - are not being consider. Looks like this is a double taxation. Is this correct?