Question

Reporting income from a Canadian company pension

Forum|Forum|6 years ago
May 17, 2020
2 replies
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I am a dual citizen (US naturalized) living in the US and receive a monthly payment in Canada from a Canadian company pension. I entered this income using the 1099-R form in Turbotax including the Canada federal tax deducted. Turbotax requires that I enter an EIN for the company but I do not have one. How do I proceed? The report provided to me is a Canadian document NR4 (2019).

Clyde

I am trying to US and state taxes on turbo tax free but can't find any place to enter canadian government or company pensions.Is this possible?

I have the same question. Was there a solution to this issue?

Instead of reporting using a mock 1099R, report your income in the following manner.

Go to federal>income and expenses>all income>>show more
Less Common Income> Start
Miscellaneous Income,>start
Other reportable income>start
Next screen asks Any Other Taxable Income>yes
The next screen will allow you to report the income with a brief explanation.
Here you will enter the source of your foreign income and then the amount.

To claim a foreign tax credit, report it by.

Go to wages and income
Deductions and credits
Estimates and other taxes paid
Foreign taxes.

@lkb12134 @CGilbey

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