Discussion:Canadian Reetirement W/D
From TaxAlmanac, A Free Online Resource for Tax Professionals
Note: You are using this website at your own risk, subject to our Disclaimer and Website Use and Contribution Terms.
From TaxAlmanac
(Difference between revisions)
Revision as of 23:56, 28 September 2006
Discussion Forum Index --> Tax Questions --> Canadian Reetirement W/D
| 28 September 2006 | |
| My couple are US citizens and Canadian. They worked 100% in the US in 2005. They did withdraw from their Canadian Retirement funds of $61,111.11 and tax of $6,111.11 was withheld. My first question is this income for US purposes also on their 1040? If so would thie be foreign tax credit deduction?
I've never had anyone from Canada and this is thier only piece. They lived in the US the entire year of 2005. | |
