turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Stickham
Returning Member

Do you report non-distributed Canadian defined benefits pensions on 8938 (if so, which section)

I have a defined benefit pension plan in Canada from when I lived there.  It is not yet being distributed to me.  But for 2024 I have reached the threshold that now requires me to report foreign accounts using 8938.  Since the work pension is not really owned be me (I have no control over it), do I even have to report that I have them on 8938?  If I do have to report them, do they go under Part V - Foreign Deposit and Custodial Accounts (where I specify either a value if known or zero if unknown), or in Part VI - Other Foreign Assets  section  (the section where you select a range for the value).  

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
MaryK4
Expert Alumni

Do you report non-distributed Canadian defined benefits pensions on 8938 (if so, which section)

Yes, you would report in Part 6.  If you have an interest in a foreign pension or deferred compensation plan, you have to report this interest on Form 8938 if the value of your specified foreign financial assets is greater than the reporting threshold that applies to you.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question