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March 27, 2025
Question

I have a Canadian NR4 with income code 09 (Dividends - Other)

  • March 27, 2025
  • 1 reply
  • 0 views

I am not Canadian nor do I live there.  The income is a distribution from the demutualization of an insurance company in Canada.

Questions -

1. Do I need to report this on my US 1040?

2. If yes, how do I do this in Turbotax Basic?

 

TIA

David

1 reply

AmyC
Employee
April 3, 2025

1. Yes, you must report all US income.

2. You should enter it on a 1099-DIV.

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