Question

Filling 1099-R for CaNADIAN RETIREMENT INCOME (RMD)

Forum|Forum|6 years ago
February 23, 2020
1 reply
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Hi,

I am having problem to fill my 1099-R.

I am a us citizen. I get RMD from my US IRA account and RMD from CIBC, Canadian financial inst.

I get Canadian NR4 slip showing that CIBC has withheld my 15 % taxes. When fill 1099-R for CIBC the form ask me to fill foreign payer Fedral ID which I do not have. If leave Payer id blank , the RMD amount and taxes will not show on my 1040.

Question is: How to report on 1099-R Canadian RMD income and taxes.

Thank you in advance.

[removed]

D

DianeC958

To add Canadian Form NR4, code 39 as if it were Form 1099R (retirement income):

1. Sign In to TurboTax Online.

2. Select "Take me to my return"

3. Select the "Search" or "Help" icon.

4. Type "1099-R" and select "Jump to 1099-R"

5. Select "Add a 1099-R" and continue through the interview questions.

To add the foreign taxes paid :

Click “Federal Taxes” tab
Select "Deductions and Credits"
Scroll down to "Estimates and Other Taxes Paid"
Press "Start" or "Revisit" next to "Foreign Taxes" to begin the interview enter the foreign taxes paid to Canada on your NR4.

For the Employer ID Number you can enter 11-1111111.

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