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January 22, 2024
Question

Can live assist help me if we immigrated to the USA in 2012, and have pension income earned in canada, and have earned in come in the united states as well?

  • January 22, 2024
  • 1 reply
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we are US residents and husband i file jointly

1 reply

hbl3973
Employee
January 23, 2024

forbesey1-verizon,

 

A partial answer from some 2022 tax preparation materials:

 

These Canadian and German social security benefits are treated as US Social Security:
Canada Pension Plan: NR-4 codes 46, 47, and 48
Quebec Pension Plan: NR-4 codes 49, 50, and 51
Canada Old Age Security: NR-4(OAS) codes 44 and 45
Germany Old Age, Disability, and Survivors Security

 

The taxpayer should have converted the foreign income into U.S. dollars. Add that to any U.S. Social Security
benefit and enter the total as a Social Security Benefit for the taxpayer or spouse.

If needed, use the yearly average currency exchange rates at the IRS web site:
https://www.irs.gov/individuals/internationaltaxpayers/yearly-average-currency-exchange-rates