I immigrated to the US from Canada last summer, and shortly thereafter started claiming Canadian Employment Insurance I was entitled to. Now, I'm filing both my US and Canadian taxes, but I'm not sure what to do with my EI earnings, since I was a US permanent resident while I was receiving the benefits.
The benefits were taxed in Canada (25%) before I received each payment. Do I claim this as foreign income, unemployment insurance or what on my 1040? Do I fill out a form 1116 to list the income as tax exempt/foreign tax credit? Do I need to fill out a form 2555?
I am filing jointly with my US citizen wife.