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Candian NR4 (code 11) and a 1099-DIV

Forum|Forum|3 years ago
April 7, 2023
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Hello,

I received a NR4 (code 11) from my Canadian employer. In which case I performed the following:

Enter your Canada NR4 (Income code 11) income in the section for US Social Security.

Type ssa-1099 in Search in the top right
Select Jump to ssa-1099

Enter your withholding as a foreign tax credit or deduction.

Type foreign tax credit in Search in the top right
Select Jump to foreign tax credit

But I also received a 1099-DIV pertaining to this same income (different amount since it took the NR4 income minus canadian tax paid minus the loan principal (took out a employee loan to purchase the company stock) and converted to U.S. dollars. No U.S. taxes were withheld to this distribution.

My Questions

Do I also input the 1099-DIV reported into TurboTax? Or I don't need to because I am already capturing it when I put the NR4 data into SSA-1099?
If I am putting the full amount of the 1099-DIV into TurboTax, do I reduce the amount (by what I inputted in the 1099-DIV) to the SSA-1099? (So I am not double counting the income?)

Best answer by LindaS5247

No, don't import it as you are entering it via the NR4.

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)’. This would be the income part on your 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

LindaS5247Answer

No, don't import it as you are entering it via the NR4.

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)’. This would be the income part on your 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

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