reporting Canadian dividends on US return

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skobes
Posts: 33
Joined: Sat Mar 25, 2017 10:41 pm

reporting Canadian dividends on US return

Post by skobes »

Would US citizen in Canada with eligible dividends report actual amount (T5 box 24) as US taxable, or the gross-up amount (T5 box 25)?

Actual amount seems more likely to me but wanted to make sure. And I assume the dividend tax credit in box 26 just reduces Canadian tax creditable on 1116.
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nelsona
Posts: 18677
Joined: Wed Oct 27, 2004 2:33 pm
Location: Nowhere, man

Re: reporting Canadian dividends on US return

Post by nelsona »

Actual amount.
After 20 years, I am severely cutting back on responses. Do not ask specifically for my help. There are a few others on this board that can answer most questions. All the best
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