Canadian pensions?
Where do I enter foreign pension income?
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asQss0CjWqllvkab8P4pmk
04/01/09 11:02pm PDT
2 Replies
04/04/09 1:04am PDT
Line 16, just like other pensions.
Convert the Canadian amounts on the 1099R to US dollars; and don't forget to take the foreign tax credit on tax withheld (which also must be converted to US dollars).
You should submit an additional info statement explaining your calculations.
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04/04/09 7:52pm PDT
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If this is from the Old Age Security or the Canada pension plan then it is treated for tax purposes by a U.S. resident as social security would under the totalization agreement between the U.S. and Canada (See publication 915, page 5). If this is the case I would enter it as if you were entering social security so the computer does the calculations for you.
