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I missed to report 2025 income from Canada RRSP account.. Can I fill up 2025 Form 1040-x to rescue it?

last year , Aug 09, 2024, I withdrew $10065.89 CAD (equal $6998.22USD) from OPTIONAL RRIF (Account number 50013616 RRIF), withholding Taxes,$2516.47CAD (equal $1.749 USD), Net Amount:$10065.89-2516.47=$7,549.42 (equal $7549.42/1.43835=$5,248.67USD) . Summary: 1.Our SSA-1099 shall include two parts :First part,US part; (24236.40 -2096.40)+(12118.40-2096.40). Second part, Canada part;$5248.67. Our SSA total:$3,2162.00 +5248.67=37410.67USD. 2. Our total income: $37410.67+6356.00 (1099-INT)+6520.00(1099-R)=$50286.00 3.. Waived Taxes in 2024: $32162.00. So, we our total income Taxble in 2024 is $50286—32162.00=$17986.00USD After I fill up 1040-x, I will get how much I need to pay tax in 2024 income tax.return.
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3 Replies

I missed to report 2025 income from Canada RRSP account.. Can I fill up 2025 Form 1040-x to rescue it?

If you want to make changes or add a document to a tax return that has already been filed and accepted by the taxing agency, you should follow these guidelines. 

 

  • You must first wait until the initial return is completely processed.
  • You will have to use the same TurboTax account that you used for the original tax return.
  • Once you begin your amendment, you'll see your original return.
  • The refund calculator will start new at $0 and only reflect the changes in the refund or tax due
  • Only make changes to the areas of your return that need to be corrected.
  • You have three years from the date you filed your return or two years after you paid the tax due (whichever is later) to file an amendment

Select your product below and follow the instructions. 

Amend TurboTax Online 

Amend TurboTax CD/Download 

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I missed to report 2025 income from Canada RRSP account.. Can I fill up 2025 Form 1040-x to rescue it?

CatinT1: Hi,

I missed to report my 2024 income Tax information of Canada RRSP accounts, because I don't know how to place my NR4 information into my income tax return. I asked the representative to help me.  They told me to use a new SSA-1099 Form, but I cannot find the new Form in TurboTax Document Form Library. Right now, I have to add the 2024 NR4 information to my 2024 income Tax Return to amend my 1040 X. and getting correct 2024 Tax income Return's conclusion.

I will follow your instructions: "You must first wait until the initial return is completely processed. "......

 

Thank you!

Yuhua

 

DawnC
Employee Tax Expert

I missed to report 2025 income from Canada RRSP account.. Can I fill up 2025 Form 1040-x to rescue it?

After your original return is processed, and you prepare the amendment, use the instructions below to enter the SSA-1099.

 

Where do I enter an SSA-1099?

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