Jun 7, 2019 · 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)’. Then, go to the Deductions and Credits section and select Foreign Taxes under ‘Estimates and Other Taxes Paid’ to enter any foreign tax you already paid to Canada on that income

Mar 16, 2025 · 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 ...

Jun 4, 2019 · Thank you for your NR4 Dividend help. Under the category Income/Dividends: When you say to enter the NR4 info from box 16 (NR4)in Box 1b and line 1 of Turbo Tax , are you referencing box 1a as line 1 or do I just enter the dividend in box 1b and the tax withheld by the Canadian govt found in box 17 (NR4) in box 7 of Turbo Tax.

Mar 31, 2024 · The amount in the NR4 form is in Canadian dollars, so convert it to U.S. dollars before you enter it in your U.S. tax return. Sign into TurboTax and go to your U.S. tax return.Type "1099-R" in the Search field and select the 1099-R form from the results. Select Add 1099-R and go through the interview questions.

Mar 27, 2024 · I am a dual US - Cdn citizen living in the US who is retired. I withdrew from a RRIF for the first time in 2023 and this was my sole income. I received a lump sum of $135,000 CDN with 25% withholding of $33,750 CDN. NR4 has code 26. Do I create a 1099R? Will my gross and taxable amount be the s...

Feb 7, 2023 · Please some clarification. I believe I'm understanding correctly that the CPP on NR4 would report like SSA-1099. My wife has spousal benefits from SSA reported on SSA-1099, and also Canada Pension Plan benefits reported on NR4 with a code 46. Do I merely add the SSA-1099 box 5, with her NR4 box 1...

Feb 25, 2023 · Yes, you should enter your Canada NR4 Form as follows: Enter your Canada NR4 (Income code 11) income in the section for US Social Security. 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

Jan 23, 2023 · I have 3 NR4 from Canada and I am a US citizen. My mother passed a few months back. I have 3 NR4, 1 with code 61 and 2 with code 40. I'm a little confused on how I enter these. My understanding is that I enter them as mock 1099-R but is there a breakdown of what boxes I fill out on the 1099-R . The NR4 forms have very little information, they have:

Feb 5, 2020 · Following this question, suppose I have $2000 RRSP distribution with 25% withheld tax that is $500 on my NR4 (all are in USD). When I claim foreign tax credit, the tax credit is only about $300. That seems not reasonable. Together I will pay US tax about $400 plus Canadian tax $500 minus $300 credit, end up $600 tax for that $2000 distribution.

Jun 6, 2019 · To add a Canadian NR4, code 61 add it as if it were Form 1099-INT (before filing): 1. Sign In or Open TurboTax. 2. Select "Take me to my return" (Online). 3. Select the "Search" or "Help" icon (top right corner). 4. Type "1099-INT" and select "Jump to 1099-INT" 5. Continue through Form 1099-INT Interview to add your NR4, interest income.