Here are the screens and the responses to include the Canadian pension.
1. Foreign tax credit.
Continue
2. Foreign taxes
Continue
3. Do you want the deduction or credit?
Credit
4. Reporting foreign taxes paid
Continue
5. Reporting foreign taxes paid
No
6. First year you are eligible? This screen may not appear.
If selected, continue
7. Elect simplified method? .
Will assume YES
8. No other income or expenses
No
9. Completing forms 1116
Continue
10. Foreign tax credit worksheet.
Continue
11. Choose income type
Passive then Continue
12. Country summary.
Add a Country (Canada)
13. Other gross income-Canada
Enter the description and the amount even though entered elsewhere.
14. Definitely related expenses.
Enter the applicable data then continue.
15. Foreign losses
Enter applicable data then Continue
16. Foreign taxes paid.
Enter the amount then Continue
17. Country summary
Done
The remaining screens are either not relevant or already have the required entries.
Go through them until you automatically exit.
One 1099-DIV only. No problem with that. Cannot enter tax credit for my Canadian pension (Canada form NR4).
Have you completed the f1116 for the 1099-div and need to enter the credit into f1116?
I do not enter data directly to form 1116. I use the step by step method in Turbotax to enter data for the foreign tax credit. No problem entering ric credit. However, there is no way possible to enter the foreign tax credit data for Canada using the step by step method as I did for the ric.
yes for the 1099. The Canadian form for reporting retirement income and taxes withheld is Canadian form NR4. That's the data that I cannot enter. I have no problem with the RIC and that part is done.
What category of income are going to use for the pension, passive or general?
Passive. I have used Turbotax for many years and never encountered this problem before.
Here are the screens and the responses to include the Canadian pension.
1. Foreign tax credit.
Continue
2. Foreign taxes
Continue
3. Do you want the deduction or credit?
Credit
4. Reporting foreign taxes paid
Continue
5. Reporting foreign taxes paid
No
6. First year you are eligible? This screen may not appear.
If selected, continue
7. Elect simplified method? .
Will assume YES
8. No other income or expenses
No
9. Completing forms 1116
Continue
10. Foreign tax credit worksheet.
Continue
11. Choose income type
Passive then Continue
12. Country summary.
Add a Country (Canada)
13. Other gross income-Canada
Enter the description and the amount even though entered elsewhere.
14. Definitely related expenses.
Enter the applicable data then continue.
15. Foreign losses
Enter applicable data then Continue
16. Foreign taxes paid.
Enter the amount then Continue
17. Country summary
Done
The remaining screens are either not relevant or already have the required entries.
Go through them until you automatically exit.