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March 31, 2025
Question

Question on T4 Employment iNcome as a grduate student

  • March 31, 2025
  • 1 reply
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Do I have to report T4 income on my United States tax return and if so, how do I report that? I am attending University of New Brunswick as a doctorate graduate student as a fellowship.

    1 reply

    April 1, 2025

    Yes, you  generally need to report your T4 income on your United States tax return. As a U.S. citizen or resident, you are required to report all worldwide income, including income earned in Canada.

     

    Here’s how to report your T4 income in TurboTax:

    1. Open TurboTax and sign in to your account.
    2. Navigate to the "Federal" section.
    3. Go to the magnifying glass at the top right of the screen.
    4. Type "foreign income" in the search bar.
    5. Click the jump link that appears.
    6. Follow the prompts to enter your foreign income details.
    • You will need to convert your Canadian income to U.S. dollars using the average exchange rate for the year
    • TurboTax will guide you through the process to ensure your income is correctly reported.
    • Regarding your fellowship, if any portion of it is used for tuition, fees, books, supplies, and equipment required for your courses, that portion is generally not taxable. However, amounts used for living expenses, such as room and board, are considered taxable income