thank you,
therefore my net is zero because i had actual net loss on it. is that right?
can i transfer the check to another RRSP account i still have in Canada, to treat this as RRSP transfer?
Search found 3 matches
- Thu Mar 18, 2021 10:21 pm
- Forum: Canada / United States Tax & Accounting
- Topic: how to report RRSP distribution with a net loss
- Replies: 6
- Views: 2680
- Thu Mar 18, 2021 10:13 pm
- Forum: Canada / United States Tax & Accounting
- Topic: how to report RRSP distribution with a net loss
- Replies: 6
- Views: 2680
Re: how to report RRSP distribution with a net loss
thank you for your reply.
you mentioned I must report the net amount as zero in 1040. what is the reason for it? is it because i had a loss on it?
also apparently mutual fund company didn't withheld any tax for CCRA. they sent me a check with no tax deducted. when i called them, they told me ...
you mentioned I must report the net amount as zero in 1040. what is the reason for it? is it because i had a loss on it?
also apparently mutual fund company didn't withheld any tax for CCRA. they sent me a check with no tax deducted. when i called them, they told me ...
- Wed Mar 17, 2021 8:01 pm
- Forum: Canada / United States Tax & Accounting
- Topic: how to report RRSP distribution with a net loss
- Replies: 6
- Views: 2680
how to report RRSP distribution with a net loss
Hello
I had a RRSP account that the mutual fund company liquidated the fund and closed the account and distributed the amount.
I had a NET LOSS on that mutual fund. the distribution amount was around $300.
AS US citizen filing on my taxes, I have to report that distribution. I don't meet the ...
I had a RRSP account that the mutual fund company liquidated the fund and closed the account and distributed the amount.
I had a NET LOSS on that mutual fund. the distribution amount was around $300.
AS US citizen filing on my taxes, I have to report that distribution. I don't meet the ...