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msldjv
New Member

Do I have to report Cdn RRSPs on my US taxes? I am a permanent resident of the US. I have RRSP (Registered Retirement Saving Plan = IRAs) investments in Canada.

 
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5 Replies
MinhT1
Expert Alumni

Do I have to report Cdn RRSPs on my US taxes? I am a permanent resident of the US. I have RRSP (Registered Retirement Saving Plan = IRAs) investments in Canada.

As a U.S. permanent resident, you have to report your worldwide income. You have to report your RRSP distributions as income on your U.S. tax return and take the foreign tax credit.

 

You do not have to report your RRSP contributions.

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Do I have to report Cdn RRSPs on my US taxes? I am a permanent resident of the US. I have RRSP (Registered Retirement Saving Plan = IRAs) investments in Canada.

Where do I report my RRSP income on US tax return?  It doesn't seem to fit in the 1099-R (IRA distribution) section.

DaveF1006
Expert Alumni

Do I have to report Cdn RRSPs on my US taxes? I am a permanent resident of the US. I have RRSP (Registered Retirement Saving Plan = IRAs) investments in Canada.

Report them here:

  1. Federal
  2. Income and expenses>jump to all income
  3. Retirement plans and Social Security
  4. Canadian Registered Pension Income

 

 

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Do I have to report Cdn RRSPs on my US taxes? I am a permanent resident of the US. I have RRSP (Registered Retirement Saving Plan = IRAs) investments in Canada.

I figured it out.  Turbo Tax will ask you the question.  Distribution is entered independently of IRA distribution.

Do I have to report Cdn RRSPs on my US taxes? I am a permanent resident of the US. I have RRSP (Registered Retirement Saving Plan = IRAs) investments in Canada.

Thanks!  I had just figured it out, but if I hadn't, I appreciate your reply!

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