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- Mon Feb 10, 2020 4:35 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Cash out RRSP less than $10,000 how to report to IRA
- Replies: 1
- Views: 2324
Cash out RRSP less than $10,000 how to report to IRA
moved to the US in 2010 and left my RRSP account open. In 2019 I cash out my RRSP and closed my account. I received CAD $ 8550 and paid 25% withheld tax CAD $2141. Received check of CAD $ 6424. Which is equivalent to the US $4710. As per US taxes, I don't have to file form 8938 or FBAR. I don't have ...