I have a NR4 form with income code 39, which is Canadian pension income from a Canadian company, I used "Retirement Plans and Social Security > Canadian Registered Pension Income. " for last year Tax, but I don't think I that was correct, Please help me figure out the correct way of reporting the Income, and the Tax withholding on the NR4 form. I am using Turbotax premier 2024 for Mac.
Yes, here is how to report the distribution.
Thank you @DaveF1006, isn't that section for RRSPs? my income is for Canadian pension income from a "Canadian company", would that be the same as RRSPs. Also, what about the state implications? how would I handle the State (filing MA)?
Yes, you are correct. I should have asked if this was a Canadian private pension. In this case, you may report this by performing the following steps.
To receive a Foreign Tax Credit for the tax you paid in Canada, go to:
This is taxable income in Massachusetts because Massachusetts does tax retirement income. The information you entered on your federal return will populate into your Massachusetts state return.