I am now a US citizen and retired here. I worked in Canada and have an RRSP that I took a withdrawal from - WHERE do I report this as income? Do I create a "fake" 1099-R?

[APP2]

Sorry for asking this question instead of replying to the past one, but after an hour of trying to hit reply, it forcing me to login again, then telling me my credentials were wrong, then me changing my password, and attempting a dozen times, there is seemingly no way to return to a previous question from the email summary, nor any way to find your questions from your Turbo Tax login. Maddening. So, yes, the Canadian taxes paid should be entered under Foreign Taxes, but WHERE does the withdrawal get reported? There is no 1099-R associated with it, since it is not a US transaction, so do I need to "create" one and fill in the details I have?

[KrisD15]

Yes, you have to enter the amount received in Box 5 on the screen for Social Security. 

You don't need to mock-up a 1099-R, only enter the amount of the distribution. 

Please enter under

Wages & Income

Retirement Plans and Social Security 

Social Security (SSA-1099, RRB-1099)

DO NOT ENTER UNDER 

IRA, 401(K), PENSION PLAN WITHDRAWLS (1099-R) 

as that screen will cause an error for you.

[APP2]

I'm not sure that is correct. I am collecting Social Security in the US and have a 1099SM, so that field is already in use.

[ThomasM125]

If you are reporting social security benefits, you would add the Canadian benefits to your US benefits and make one entry on your SSA-1099 form entry in TurboTax, in box 5. You can read about it this TurboTax article.

[APP2]

It is not a social security benefit, an RRSP is equivalent to a 401K or IRA in the US, so it does not map to that type of income source. It is a more similar to a 1099-R withdrawal.

[ThomasM125]

If it is a pension distribution, you would enter a substitute Form 1099-R.

To enter a substitute form 1099-R in Turbo Tax Online follow these instructions:

1. Find the Retirement Plans and Social Security menu option in the Wages and Income section of TurboTax
2. Start or Update IRA, 401(k), Pension Plan Withdrawals (1099-R)
3. Choose Add (Another) 1099-R
4. Choose I'll type it in myself
5. Choose the source of your 1099-R form
6. Enter your pension income into the Form 1099-R entry screens
7. When you come to the screen that says Do any of these situations apply to you? Check the box that says I need to file a substitute 1099-R and follow the instructions

[Conster]

I am a us resident as well does the creation of 1099 need to be done to file with cra for an rrsp withdrawal fron Canadian rrsp?

How do I claim the withdrawal and the tax deducted what form and steps please.  I tried for eign tax didn't work. 

Connie

[DaveF1006]

To report the distribution, go to:

1. Income
2. Retirement plans and Social Security
3. Canadian Registered pension

To claim a foreign  tax credit on the income, go to:

1. Open (continue) your return in TurboTax
2. Enter all your foreign income in Wages & Income if you haven't already
3. Select Search, enter foreign tax credit and select Jump to foreign tax credit
   • Or go to Deductions & Credits, and select Start next to Foreign Tax Credit under Estimates and Other Taxes Paid
4. When you reach the screen Do You Want the Deduction or the Credit? select the option you prefer for your situation
5. If you select Take a Credit:
   • Select Continue on the next screen, then select No to fill out Form 1116
   • When you reach the screen Country Summary, select Add a Country
   • Answer the questions about your foreign income, taxes, and expenses on the following screens
   • When finished, you'll be taken back to the Country Summary screen. If you have income from other countries to enter, select Add a Country. Otherwise, select Done
   • Answer the questions on the following screens until you reach your Foreign Tax Credit Summary. If you’re finished with this section, select Done

When you arrive at the section asking for you to list the gross income, list the gross income of the distribution in this section as well as the taxes that were paid in Canada.