1042 S form

[Luc Alarie]

Hi

I receive a pension from a company in the US. I am Canadian resident. I receive form 1042 S and they withold tax. I do have a credit for the tax witheld.
the question is: Can I split the pension income with my wife and can I deduct the 2000$ pension deduction for that income. I am more than 65.

thanks for your answer

 

[Geo123]

Hello Luc Alarie,

USA IRS Form Ssa-1042s Social Security Benefit Statement
SSA-1099/1042S, Social Security Benefit Statement
https://faq.ssa.gov/en-us/Topic/article/KA-01723
It is for the tax withheld under chapter 3 on certain income of foreign persons, including nonresident aliens, foreign partnerships, foreign corporations, foreign estates, and foreign trusts
1. On the left side menu of the "Interview tab" select "Interview setup".

2. On the page that appears to the right, go to the "Investment income and expenses" group, check the box "Foreign income and foreign property (T1135)" and click on "Next" at the bottom of the page.

3- Return to the left side menu of the "Interview tab" and select "Foreign income and property".

4- On the screen to your right, click on "Foreign pension income (includes U.S social security benefits)".