Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Jun 1, 2019 10:25:49 AM

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

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

I tried to work it as Foreign tax 

0 8 1690
8 Replies
Intuit Alumni
Jun 1, 2019 10:25:52 AM

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

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

New Member
Jun 1, 2019 10:25:54 AM

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

New Member
Jun 1, 2019 10:25:54 AM

I have the same issue!

Intuit Alumni
Jun 1, 2019 10:25:56 AM

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.

New Member
Jun 1, 2019 10:25:57 AM

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 ?

New Member
Jun 1, 2019 10:25:58 AM

Where do I find the screen shot?

Level 15
Jun 1, 2019 10:25:59 AM

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

New Member
Jun 1, 2019 10:26:00 AM

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?