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Level 2
March 7, 2024
Solved

Foreign sourced profit sharing income

  • March 7, 2024
  • 1 reply
  • 6 views

How do you enter Canada form T4PS line 35 (other income) into Lacerte?  Itis for a US based company.  Client believes that it's his employer's match.

    This topic has been closed for replies.
    Best answer by George4Tacks

    On the back of the T4PS it says to put in on line 10400 of the Canadian return. So, of course you look up what that line is.

    I would add it as Other Income > "Other employment income"

     

    1 reply

    George4Tacks
    Level 15
    March 7, 2024

    On the back of the T4PS it says to put in on line 10400 of the Canadian return. So, of course you look up what that line is.

    I would add it as Other Income > "Other employment income"

     

    Answers are easy. Questions are hard!
    rblokAuthor
    Level 2
    March 7, 2024

    Thank you for your response.  That confirms what I was thinking.