reporting Canadian dividends on US return

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skobes
Posts: 21
Joined: Sat Mar 25, 2017 10:41 pm

reporting Canadian dividends on US return

Post by skobes » Tue Feb 26, 2019 10:15 pm

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.

nelsona
Posts: 15980
Joined: Wed Oct 27, 2004 2:33 pm
Location: Nowhere, man

Re: reporting Canadian dividends on US return

Post by nelsona » Tue Feb 26, 2019 11:04 pm

Actual amount.
Nelsona Non grata. Non pro. Search previous posts. Happy Browsing :D

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