AnNR4 slipis issued by residents of Canada (and in some cases by nonresidents) who have paid certain amounts to a Canadian nonresident. The slip issuer must withhold tax from the payment to the nonresident and remit it to the government.
Though all eligible NR4 income types can be found on the back of an NR4 slip, the type of income specific to an individual will be located in box 14 (on the front of the NR4 itself). You'll need to enter the total of your income amounts from all your NR4s received for the year into theStatement of World Incomein TurboTax.
Entering your amounts into TurboTax
Navigate to theSearchicon by clicking"Find".
TypeIncomeinto the search bar
Select the option forIncome from Sources Outside of Canadafrom the list of populated results
When theStatement of World Incomescreen appears, enter your amounts then selectEnter
Note: If you owned or held foreign property during the year with a total cost of over $100,000 CAD, you must also complete Form T1135. This property includes bank accounts, stocks, bonds, and real estate
Note: If you owned or held foreign property during the year with a total cost of over $100,000 CAD, you must also complete Form T1135. This property includes bank accounts, stocks, bonds, and real estate