How do I report a Canadian RRSP withdrawal (and the associated withholding taxes)?

[Truckprincess]

I was told to use Canadian Registered Pension Income which comes with 2 inputs.  One is Total Distribution. 

I was told that you put the Gross Amount for Total and then the delta of the Gross - Taxes Withheld to get the Taxable Part of Distribution.

this is the part giving me heartache as it is not clear that if I paid Canadian taxes- do I also have to pay US taxes or is is considered double taxation?

unfortunately I think the way described to me by the Tax Advisor from TT is correct.

[tropdechats]

I found this:

https://ttlc.intuit.com/community/retirement/discussion/reporting-canadian-rrsp-withdrawl-on-us-taxe...

Total Distribution and Taxable part should be the same amount. Then deduct the 25% withholding in the Foreign Tax Credits.

Good luck!

[Truckprincess]

Did you get that to work?  Finding and adding the foreign tax credit?

[tropdechats]

Truckprincess,

1. Go to Federal
2. Deductions and credits 
3. Estimate and other taxes paid (at the bottom-you may have to expand the options)
4. Foreign Tax Credit>start or revisit
5. Scroll through the program until you get to a screen that says Foreign Tax credit Summary. 
6. Here you will select add a foreign tax.
7. Next screen will ask you to pick an income type. Pick passive income.
8. Next screen will ask if you wish to pick another income type, say you will want to keep it on the same copy as the dividend copy.
9. Next question will ask you to pick a country under Country Summary.  Here you will select add a country and choose Canada.
10. Finish out the section regarding reporting the Gross amount of income from the RRSP and then the foreign taxes that you paid to Canada from the RRSP.  
11. Finish out the section.

[DawnC]

Where do I enter the foreign tax credit (Form 1116) or deduction?