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.
reporting Canadian dividends on US return
Moderator: Mark T Serbinski CA CPA
Re: reporting Canadian dividends on US return
Actual amount.
nelsona non grata. Non pro. Please Search previous posts, no situation is unique as you might think. Happy Browsing