Where do I enter information on money I withdrew from my RRSPs in the tax year

[theclanlavery]

I took money out from my RRSPs in 2024, tax was withheld but how do I report on my tax return?

[JohnB5677]

An RRSP is a Registered Retirement Savings Plan should receive a 1099-R much like a 401-K.

To Post a 1099-R

Log into TurboTax

1. Under Federal
2. Select Wages & Income
3. Scroll to and select IRA, 401(k), Pension Plan Withdrawals (1099-R)
4. Now Edit or Add another 1099-R
5. Enter your Broker or plan administrator information.
6. Follow the interview.

Where do I enter my 1099-R?

That 1099-R will show (in addition to other information).

• A Gross Distribution in Box 1 and
• Federal Income tax withheld in Box 4
• Box 14 would show if any State tax was withheld

If you did not get a 1099-R you should contact your employer.

Edited 02/25/2025 | 3:37 AM PST