How to report RESP EAP in tax return？

We moved from Canada to US, opened RESP account for kid before.

Last year she went to university, takes EAP from RESP account and get NR4 form.

Not clear how to report it, the info in web is confusing. See 3 kinds answer, which one should I follow？

report as earned income in wage line

report as other income(unearned)

report in 1098-T as grant/scholarship, but not report as income.

Expert Alumni

Mar 13, 2023 9:59:40 AM

You would enter this as unearned income on your return and then claim a foreign tax credit for the foreign taxes that were paid. To enter the income go to:

Open your return in TurboTax
Click on Wages & Income
Scroll down to All Income
Scroll down to Less Common Income
Scroll down to Miscellaneous Income, 1099-A, 1099-C
Click start
Scroll down to Other reportable income
Enter description and amount Here you wou list EAP from RESP and then the amount of the income.

To receive credit for the foreign taxes paid.

Go to federal
Click on Deductions & Credits
Scroll down to Estimates and Other Taxes Paid\
Select foreign taxes

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How to report RESP EAP in tax return？