Report Canadian T5/T3 in US 1040
Moderator: Mark T Serbinski CA CPA
Report Canadian T5/T3 in US 1040
This is my first US resident tax return. I'm a bit confused on how to report my Canadian investment income and haven't found a precise answer regarding this. What is the mapping from a T5/T3 to a 1099 so I can report this properly?
I did some research and found someone was talking about this topic before.
Box 11 on the T-5 is your taxable dividends (box 1a on 1099-DIV).
Reference: https://au.answers.yahoo.com/question/i ... 558AAKvt9t
But on my T5, I have Box 24, 25 and 26, my Box 10, 11 and 12 are empty, since box 11 corresponds to 25, I assume 25 should be box 1a on 1099.
@cctax, have you got answers somewhere?
Box 11 on the T-5 is your taxable dividends (box 1a on 1099-DIV).
Reference: https://au.answers.yahoo.com/question/i ... 558AAKvt9t
But on my T5, I have Box 24, 25 and 26, my Box 10, 11 and 12 are empty, since box 11 corresponds to 25, I assume 25 should be box 1a on 1099.
@cctax, have you got answers somewhere?