Ask Me Help Desk

Ask Me Help Desk (https://www.askmehelpdesk.com/forum.php)
-   Taxes (https://www.askmehelpdesk.com/forumdisplay.php?f=320)
-   -   How to report Canadian employment insurance in US tax return (https://www.askmehelpdesk.com/showthread.php?t=738375)

  • Mar 9, 2013, 07:46 PM
    guluoguawen
    How to report Canadian employment insurance in US tax return
    Dear all,

    I am looking for help in the above item.

    I moved into USA at the end of 2011 by quitting my job in Canada. However I was eligible for the Canadian employment insurance (unemployment benefit, about CN$10000 for 2012). I would appreciate very much if anyone could advice me on how I should report this income, i.e. what form and which item of the form.

    Huge thanks!
  • Mar 9, 2013, 08:22 PM
    AtlantaTaxExpert
    You can report the income on the unemployment compensation line of Form 1040.

    You should also file Form 1116 to claim the Foreign Tax Credit for Canadian taxes paid.
  • Mar 10, 2013, 06:09 AM
    guluoguawen
    Quote:

    Originally Posted by AtlantaTaxExpert View Post
    You can report the income on the unemployment compensation line of Form 1040.

    You should also file Form 1116 to claim the Foreign Tax Credit for Canadian taxes paid.

    Dear AtlantaTaxExpert,

    Thank you so much for your answers to my question!
  • Mar 10, 2013, 07:45 AM
    AtlantaTaxExpert
    Glad to help!

  • All times are GMT -7. The time now is 02:58 AM.