topic How to enter/treat US income tax withheld on IRA distribution for Canadian resident tax return in Seniors and students https://turbotax.community.intuit.ca/community/seniors-students/discussion/how-to-enter-treat-us-income-tax-withheld-on-ira-distribution-for-canadian-resident-tax-return/01/893824#M1241 <P>I am a dual citizen (US and Canada) residing in Canada.&nbsp; My only income last year was a distribution from my IRA ( I am over 59 1/2).&nbsp; Income tax was withheld in the US on this distribution.&nbsp; I am trying to file my Canadian tax using your software.&nbsp; I can't figure how where to enter the information about the withholding. <BR /></P> Wed, 30 Oct 2019 06:15:11 GMT jbander25 2019-10-30T06:15:11Z How to enter/treat US income tax withheld on IRA distribution for Canadian resident tax return https://turbotax.community.intuit.ca/community/seniors-students/discussion/how-to-enter-treat-us-income-tax-withheld-on-ira-distribution-for-canadian-resident-tax-return/01/893824#M1241 <P>I am a dual citizen (US and Canada) residing in Canada.&nbsp; My only income last year was a distribution from my IRA ( I am over 59 1/2).&nbsp; Income tax was withheld in the US on this distribution.&nbsp; I am trying to file my Canadian tax using your software.&nbsp; I can't figure how where to enter the information about the withholding. <BR /></P> Wed, 30 Oct 2019 06:15:11 GMT https://turbotax.community.intuit.ca/community/seniors-students/discussion/how-to-enter-treat-us-income-tax-withheld-on-ira-distribution-for-canadian-resident-tax-return/01/893824#M1241 jbander25 2019-10-30T06:15:11Z Hi, Please find the below link for foreign tax credit. h... https://turbotax.community.intuit.ca/community/seniors-students/discussion/hi-please-find-the-below-link-for-foreign-tax-credit-h/01/893826#M1242 <P>Hi,</P><P>Please find the below link for foreign tax credit.<BR /></P><P> <A href="http://www.cra-arc.gc.ca/tx/ndvdls/tpcs/ncm-tx/rtrn/cmpltng/ddctns/lns409-485/405-eng.html" rel="nofollow" target="_blank">http://www.cra-arc.gc.ca/tx/ndvdls/tpcs/ncm-tx/rtrn/cmpltng/ddctns/lns409-485/405-eng.html</A> </P><P>Hope this helps</P><P>Thanks<BR /></P><BR /> Wed, 30 Oct 2019 06:15:12 GMT https://turbotax.community.intuit.ca/community/seniors-students/discussion/hi-please-find-the-below-link-for-foreign-tax-credit-h/01/893826#M1242 Kashmira-TurboTax 2019-10-30T06:15:12Z Re: How to enter/treat US income tax withheld on IRA distribution for Canadian resident tax return https://turbotax.community.intuit.ca/community/seniors-students/discussion/re-how-to-enter-treat-us-income-tax-withheld-on-ira-distribution-for-canadian-resident-tax-return/01/954518#M9292 <P>Hi, thank you for using Intuit Turbo Tax Live Community</P><P>Usually IRA income is reported on line 115 and the final US tax paid&nbsp; is claimed as a foreign tax credit. The Canada Revenue Agency(CRA) has information on reporting IRA income:</P><P><A href="https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/tax-return/completing-a-tax-return/personal-income/line-115-other-pensions-superannuation/line-115-pensions-a-foreign-country/line-115-united-states-individual-retirement-arrangement.html" target="_blank">https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/tax-return/completing-a-tax-return/personal-income/line-115-other-pensions-superannuation/line-115-pensions-a-foreign-country/line-115-united-states-individual-retirement-arrangement.html</A></P><P>Note: To support the claim for income tax required , CRA may ask for a US tax return to support the claim for the final tax paid.</P><P>In general if tax is paid to a foreign jurisdiction and not to Canada the claim on the tax return is for a foreign tax credit on the Canadian tax return</P><P>Like the link says you should likely contact CRA to get more information</P><P>Hope this helps</P><P>&nbsp;</P> Thu, 14 Nov 2019 18:16:19 GMT https://turbotax.community.intuit.ca/community/seniors-students/discussion/re-how-to-enter-treat-us-income-tax-withheld-on-ira-distribution-for-canadian-resident-tax-return/01/954518#M9292 TurboTax-Duncan 2019-11-14T18:16:19Z
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topic How to enter/treat US income tax withheld on IRA distribution for Canadian resident tax return in Seniors and students
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https://turbotax.community.intuit.ca/community/seniors-students/discussion/how-to-enter-treat-us-income-tax-withheld-on-ira-distribution-for-canadian-resident-tax-return/01/893824#M1241
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<P>I am a dual citizen (US and Canada) residing in Canada.&nbsp; My only income last year was a distribution from my IRA ( I am over 59 1/2).&nbsp; Income tax was withheld in the US on this distribution.&nbsp; I am trying to file my Canadian tax using your software.&nbsp; I can't figure how where to enter the information about the withholding. <BR /></P>
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<pubDate>Wed, 30 Oct 2019 06:15:11 GMT</pubDate>
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How to enter/treat US income tax withheld on IRA distribution for Canadian resident tax return
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https://turbotax.community.intuit.ca/community/seniors-students/discussion/how-to-enter-treat-us-income-tax-withheld-on-ira-distribution-for-canadian-resident-tax-return/01/893824#M1241
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<P>I am a dual citizen (US and Canada) residing in Canada.&nbsp; My only income last year was a distribution from my IRA ( I am over 59 1/2).&nbsp; Income tax was withheld in the US on this distribution.&nbsp; I am trying to file my Canadian tax using your software.&nbsp; I can't figure how where to enter the information about the withholding. <BR /></P>
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<pubDate>Wed, 30 Oct 2019 06:15:11 GMT</pubDate>
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Hi, Please find the below link for foreign tax credit. h...
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https://turbotax.community.intuit.ca/community/seniors-students/discussion/hi-please-find-the-below-link-for-foreign-tax-credit-h/01/893826#M1242
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<P>Hi,</P><P>Please find the below link for foreign tax credit.<BR /></P><P> <A href="http://www.cra-arc.gc.ca/tx/ndvdls/tpcs/ncm-tx/rtrn/cmpltng/ddctns/lns409-485/405-eng.html" rel="nofollow" target="_blank">http://www.cra-arc.gc.ca/tx/ndvdls/tpcs/ncm-tx/rtrn/cmpltng/ddctns/lns409-485/405-eng.html</A> </P><P>Hope this helps</P><P>Thanks<BR /></P><BR />
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<pubDate>Wed, 30 Oct 2019 06:15:12 GMT</pubDate>
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https://turbotax.community.intuit.ca/community/seniors-students/discussion/hi-please-find-the-below-link-for-foreign-tax-credit-h/01/893826#M1242
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<dc:creator>Kashmira-TurboTax</dc:creator>
<dc:date>2019-10-30T06:15:12Z</dc:date>
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Re: How to enter/treat US income tax withheld on IRA distribution for Canadian resident tax return
</title>
<link>
https://turbotax.community.intuit.ca/community/seniors-students/discussion/re-how-to-enter-treat-us-income-tax-withheld-on-ira-distribution-for-canadian-resident-tax-return/01/954518#M9292
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<P>Hi, thank you for using Intuit Turbo Tax Live Community</P><P>Usually IRA income is reported on line 115 and the final US tax paid&nbsp; is claimed as a foreign tax credit. The Canada Revenue Agency(CRA) has information on reporting IRA income:</P><P><A href="https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/tax-return/completing-a-tax-return/personal-income/line-115-other-pensions-superannuation/line-115-pensions-a-foreign-country/line-115-united-states-individual-retirement-arrangement.html" target="_blank">https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/tax-return/completing-a-tax-return/personal-income/line-115-other-pensions-superannuation/line-115-pensions-a-foreign-country/line-115-united-states-individual-retirement-arrangement.html</A></P><P>Note: To support the claim for income tax required , CRA may ask for a US tax return to support the claim for the final tax paid.</P><P>In general if tax is paid to a foreign jurisdiction and not to Canada the claim on the tax return is for a foreign tax credit on the Canadian tax return</P><P>Like the link says you should likely contact CRA to get more information</P><P>Hope this helps</P><P>&nbsp;</P>
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<pubDate>Thu, 14 Nov 2019 18:16:19 GMT</pubDate>
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https://turbotax.community.intuit.ca/community/seniors-students/discussion/re-how-to-enter-treat-us-income-tax-withheld-on-ira-distribution-for-canadian-resident-tax-return/01/954518#M9292
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<dc:date>2019-11-14T18:16:19Z</dc:date>
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