This is our main tax information forum which deals with topics concerning Canadians living and working in the U.S., U.S. citizens contemplating working in Canada, and all aspects of Canadian and U.S. income tax and related adminstrative issues.
Moderator: Mark T Serbinski CA CPA
2 posts • Page 1 of 1
I am a Canadian tax resident and a USA non-resident for 2020. I know that any interest from the U.S. is generally only taxable in Canada as per Treaty Article XI. I noticed that I received an interest on my refund from the IRS on my 2019 return. I have reported and paid tax on this income to the CRA. Is this refund interest taxable by the IRS and do I report it on Schedule NEC? Thank you.