Search found 272 matches
- Wed Mar 29, 2017 10:02 am
- Forum: Canada / United States Tax & Accounting
- Topic: Do I need to include form 8891 with US tax return
- Replies: 3
- Views: 3046
- Wed Mar 29, 2017 9:54 am
- Forum: Canada / United States Tax & Accounting
- Topic: Do I need to include form 8891 with US tax return
- Replies: 3
- Views: 3046
Do I need to include form 8891 with US tax return
I know it's no longer used to report RRSPs and defer taxation.
But since we collapsed them this year and are reporting that to IRS, do we include 8891s?
I can still see it on the IRS website and print it off, but Turbotax didn't generate them for us, despite our input about RRSP distributions.
But since we collapsed them this year and are reporting that to IRS, do we include 8891s?
I can still see it on the IRS website and print it off, but Turbotax didn't generate them for us, despite our input about RRSP distributions.
- Wed Mar 15, 2017 2:56 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Reporting RRSP withdrawal to the IRS
- Replies: 5
- Views: 3442
OK, I can see I had it backwards. Found this old thread, viewtopic.php?p=35482&highlight=#35482 so will follow that if nothing has changed since 2014.
- Wed Mar 15, 2017 2:38 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Reporting RRSP withdrawal to the IRS
- Replies: 5
- Views: 3442
Two posts up, you said spousal was 100% in your first line. ? I fiddled with the numbers and it doesn't really change my refund if I input a lower number for my taxable portion of my RRSP withdrawal. It still limits me to the $2000 I get for my 2 kids, and it seems the Canadian tax as covered whatev...
- Wed Mar 15, 2017 2:25 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Reporting RRSP withdrawal to the IRS
- Replies: 5
- Views: 3442
- Tue Mar 14, 2017 12:22 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Reporting RRSP withdrawal to the IRS
- Replies: 5
- Views: 3442
Reporting RRSP withdrawal to the IRS
Working on US taxes now, and the software is asking me what portion of the RRSP withdrawal is taxable.
My understanding is that for my husband's employer-sponsored RRSP, it's only the growth that is taxable.
For my spousal RRSP, all of it is taxable?
My understanding is that for my husband's employer-sponsored RRSP, it's only the growth that is taxable.
For my spousal RRSP, all of it is taxable?
- Mon Mar 06, 2017 8:14 am
- Forum: Canada / United States Tax & Accounting
- Topic: Departure return and section 217
- Replies: 14
- Views: 8476
- Mon Mar 06, 2017 6:45 am
- Forum: Canada / United States Tax & Accounting
- Topic: Departure return and section 217
- Replies: 14
- Views: 8476
So I am reviewing what I entered into Ufile. On the Emigrant page, there's this bit: 'If the Canadian-source income you are reporting for the part of the year you were not a resident of Canada is at least 90% of your net world income for that part of the year (or if you had no income from sources in...
- Thu Mar 02, 2017 12:01 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Departure return and section 217
- Replies: 14
- Views: 8476
- Thu Mar 02, 2017 11:44 am
- Forum: Canada / United States Tax & Accounting
- Topic: Departure return and section 217
- Replies: 14
- Views: 8476
- Thu Mar 02, 2017 10:39 am
- Forum: Canada / United States Tax & Accounting
- Topic: Departure return and section 217
- Replies: 14
- Views: 8476
- Thu Mar 02, 2017 9:54 am
- Forum: Canada / United States Tax & Accounting
- Topic: Departure return and section 217
- Replies: 14
- Views: 8476
So I've done this with ufile now. While I am getting a refund of the RRSP tax, our whole refund as a family is not as much as I thought it would be. Since I reported the RRSP withdrawal as my income, it looks like we lost much of the refund my husband would have gotten, probably because our total fa...
- Thu Jan 12, 2017 11:54 am
- Forum: Canada / United States Tax & Accounting
- Topic: Departure return and section 217
- Replies: 14
- Views: 8476
- Thu Jan 12, 2017 3:26 am
- Forum: Canada / United States Tax & Accounting
- Topic: Departure return and section 217
- Replies: 14
- Views: 8476
Thanks! I will give it a go with Ufile and come back with any questions. Yes we talked quite a bit about converting to a RRIF because of the advantages you mentioned with the UK-Canada treaty. However for simplicity's sake and my husband's age (40), we just decided to collapse everything and put all...
- Wed Jan 11, 2017 6:02 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Departure return and section 217
- Replies: 14
- Views: 8476
Departure return and section 217
So I'm getting ready to complete our departure returns. We left Canada last summer and now live in the UK. As advised here, we collapsed all of my husband's RRSP after we left, and half of my spousal RRSP. He works full-time, I worked very part-time in Canada and not at all here. So I'm hoping to re...