My client received a 2021 NR4 from Canada for a movie he filmed in 2019. How do I handle that?

Forum|Forum|3 years ago
October 13, 2022
4 replies
27 views

No text available

ProSeries Professional

This topic has been closed for replies.

sjrcpa

Level 15

It's taxable income.

The more I know the more I don’t know.

IRonMaN

Level 15

Make sure you convert from that Monopoly money they use in Canada to US funds. You should be able to get that from your client --------- you don't want to have to learn how to speak Canadian to call them about the tax document - eh.

Slava Ukraini!

T

Terry53029

Intuit Community Champion

Report on line 1 by clicking on the dots to the left of line one box. a new box will pop up, then you click on the magnifying glass, then scroll to line 8B foreign source income. Before converting from Canada to US there is a box indicating what currency the form is reporting, And don't forget the 1116

sjrcpa

Level 15

The Canadian tax might not be creditable. Canadian tax return needs to be filed and he might get a refund.

We don't know the dollars.

Probably small, unless the client is a star.

The more I know the more I don’t know.

Sign up

Login with SSO

Let's get you signed in

Login with SSO