How do I file NR4 (CAD - T3) with income code of 11 for US taxes?
I have 2 lines:
Line 1 => has non-resident tax withheld
Line 2 => has exemption code as "M"
Do I have to file these as two separate forms?
To enter the NR4, treat it as if it is a SSA-1099 and enter it in the Retirement Plans and Social Security section, under ‘Social Security (SSA-1099, RRB-1099)’.
· Search (upper right of program) 'ssa-1099' and click the 'Jump to' link from results
· Answer Yes to Did you receive any Social Security benefits?
· Check the box for Social Security benefits (Form SSA-1099) and enter the amounts from NR-4
· Next, select Federal (left navigation panel) then select Deductions & Credits (top of program)
· Scroll down the page to Estimates and Other Taxes Paid and select Foreign Taxes to enter any foreign tax you already paid to Canada on that income.
· Enter the amounts on your NR4 converted to U.S. dollars as of the transaction date. Please click this link for historical conversion rates: Treasury Reporting Rates of Exchange
For more information specific to the US/Canadian tax treaty, please see IRS Pub 597 Information on the United States-Canada Tax Treaty