Search found 7 matches
- Sun Apr 30, 2017 1:03 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Disposition of an RRIF upon Death
- Replies: 2
- Views: 1789
Disposition of an RRIF upon Death
I am a Canadian citizen living in the US with a US citizen wife. I own an RRIF in Canada that was transferred from an RRSP a few years ago. I entered the US in 1993 and the RRSP was open at that time. Based on the valuable advice on this website, I've been taking 10% out of the RRIF every year, payi...
- Thu Aug 18, 2016 2:06 pm
- Forum: Canada / United States Tax & Accounting
- Topic: RRIF Withdrawals Complicated by Exchange Rate Fluctuations
- Replies: 2
- Views: 1976
- Wed Aug 10, 2016 3:44 pm
- Forum: Canada / United States Tax & Accounting
- Topic: RRIF Withdrawals Complicated by Exchange Rate Fluctuations
- Replies: 2
- Views: 1976
RRIF Withdrawals Complicated by Exchange Rate Fluctuations
I’m looking for advice on how to report an RRIF withdrawal on my US return in a situation where there has been significant currency fluctuation. Assume that I have filed the appropriate tax forms each year to defer the gains in the RRIF. Hypothetical example: Let’s say I emigrated from Canada to...
- Fri Jan 07, 2005 4:05 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Please read/post about RRSP in US Here!!!
- Replies: 59
- Views: 54765
Here's another turn I have to deal with ... my ex-wife does not want to cooperate in signing the bottom of the 1040X forms for the years prior to our divorce. Even if she did, she has changed her name since then so that her current legal signature would be different than the one on the original retu...
- Fri Dec 10, 2004 6:07 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Please read/post about RRSP in US Here!!!
- Replies: 59
- Views: 54765
Sorry, I didn't state it very well in my last post. What I meant was when I withdraw from MY account to give her the split, I'm going to first withdraw the income earned during my US residency before withdrawing from the original contributions. eg. Balance when entering the US was $50K. Balance at t...
- Fri Dec 10, 2004 12:12 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Please read/post about RRSP in US Here!!!
- Replies: 59
- Views: 54765
- Thu Dec 09, 2004 5:51 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Please read/post about RRSP in US Here!!!
- Replies: 59
- Views: 54765
I have just found out through this forum about the RP 2002-23 requirement and that I need to file a 1040-X for past years. I'm in the process of writing up the letter attachment. One question: in one of my years, the balance drops by about 60%, partly due to a bad market year, but mostly because I w...