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Retirement tax questions
Well, thank you, but I certainly wouldn't say my reply is the be-all and end-all, at all. 😉 There have been quite a few others who provided helpful instructions, like how to walk through TurboTax to do this reporting, among other things. It can be tricky to find the right sections in TT because sometimes the difference between choices is subtly worded. Most of the erroneous advice I've seen here had to do with whether you should report the full amount withdrawn from an RRSP, or the net received after Canadian taxes, and entering the net amount is not correct. The other major disagreement seems to be whether it's considered Passive or General income on the 1116, and since I've found each advised by various professional preparers elsewhere, I'd say to let TT decide that.