topic Can I get a tax credit for Canada taxes withheld from dividends in my US 401k? I am a US citizen. One of the 401k holdings is in a Canada company that pays dividends. in Retirement tax questions

Can I get a tax credit for Canada taxes withheld from dividends in my US 401k? I am a US citizen. One of the 401k holdings is in a Canada company that pays dividends.

schmidt2b — Sat, 01 Jun 2019 21:11:28 GMT

I am a US citizen with a 401k. One of the 401k holdings is in a Canada company that pays dividends. The 401k admin. withholds Canada taxes on a portion of the dividend.

Yes, you can. First enter all of your income. Then take t...

Cindy0H — Sat, 01 Jun 2019 21:11:29 GMT

Yes, you can. First enter all of your income. Then take these steps:

Deductions & Credits
Estimates & Other Taxes Paid
Foreign Taxes
If you are not going to itemize, take the credit

If you have more questions about this, ask in the comment box below.

thank you o much TurboTaxCindyH. I appreciate your help.

schmidt2b — Sat, 01 Jun 2019 21:11:29 GMT

thank you o much TurboTaxCindyH. I appreciate your help.