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-   -   Income Tax US citizen non resident (https://www.askmehelpdesk.com/showthread.php?t=745139)

  • Apr 20, 2013, 10:44 AM
    rewopem
    Income Tax US citizen non resident
    I am a US citizen living in Canada. I have no income from any source in the USA. My only income in canada is Old Age Security benefits and Canada Pension Plan income as well as a small amount ($3400) from mutual funds. What forms do I submit to the IRS and how do I claim the foreign tax already paid.
  • Apr 20, 2013, 02:01 PM
    tickle
    Then you must have dual citizenship if you collect CDN OAS and CPP?
  • Apr 20, 2013, 04:17 PM
    AtlantaTaxExpert
    You will submit Form 1040 with Form 1116 to claim the Foreign Tax Credit as it applies to the mutual fund. The pensions, if taxed by Canada, are exempt by treaty from U.S. taxation.
  • Apr 21, 2013, 02:26 AM
    tickle
    FYI, Atlanta, old age security and canada pension are taxable for Canadians.
  • Apr 21, 2013, 09:40 AM
    AtlantaTaxExpert
    Yes, that is what I thought to be the case.
  • Apr 21, 2013, 06:07 PM
    rewopem
    Thank you. So if I understand correctly, I do not enter my OSS and CPP benefits anywhere.
  • Apr 21, 2013, 06:42 PM
    AtlantaTaxExpert
    That is correct.

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