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New Member
posted Oct 31, 2019 3:59:50 AM

Should I as a canadian report $80US dividend income on Premiere turbotax or I am better off not do it?

I am a canadian and have invested in my employer's stock since 2017. I had an $80US Dividend income in 2018 and $29US dividend income in 2017 which I didn't report last year.

Is necessary for me to report them since they are so low and if yes can I report both this year on my 2018 return, and lastly where on premiere turbotax should I enter the figures?

0 3 1052
3 Replies
Level 13
Oct 31, 2019 3:59:50 AM

Is it a 1099-DIV form?

New Member
Oct 31, 2019 3:59:52 AM

It is titled "Form 1042-S Foreign Person's U.S. Source Income Subject to Withholding". Its Amendment number is 1801211819. There is no 1099-DIV anywhere on the form.

Level 13
Oct 31, 2019 3:59:53 AM

It’s all done under the Income tab – Tslips – Foreign Income.

Also, enter any taxes paid to the US as well.

Here is more on this form from TurboTax - What do I do with Form 1042-S from the IRS? - https://turbotax.community.intuit.ca/replies/2648058