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.
051367
5 Replies
MinhT1
Expert Alumni
Mar 16, 2020 5:55:23 PM
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.
gingermatax
New Member
Apr 6, 2020 4:14:34 PM
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
Apr 6, 2020 4:22:56 PM
Report them here:
Federal
Income and expenses>jump to all income
Retirement plans and Social Security
Canadian Registered Pension Income
gingermatax
New Member
Apr 6, 2020 4:23:33 PM
I figured it out. Turbo Tax will ask you the question. Distribution is entered independently of IRA distribution.
gingermatax
New Member
Apr 6, 2020 4:24:23 PM
Thanks! I had just figured it out, but if I hadn't, I appreciate your reply!