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Seniors and students
This would be reported under the Income tab – Tslips- Foreign Income.
Assuming it’s an IRA, apply it in the appropriate box (before or after 1996) as well as the foreign taxes paid. Which in turn apply a foreign tax credit (because we have a tax treaty with the USA to avoid double taxation) on line 25600 of your tax return.
Footnote: You have indicated that you are using TurboTax Live Review & Assist – please refer to the link provided below to contact our team of experts if needed:
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January 29, 2020
9:41 AM