Serbinski Accounting Firms

I understand. Thanks!

nelsona, TurboTax is saying to file a form 8891 for my DPSP, and I agree with you, I think it doesn't go there. I deleted the form 8891 that I previously completed for it, but now the DPSP doesn't show up properly on the 1040 like I mentionned earlier. How do I go about it with Turbotax? Thanks again.

I want to input the Canadian DPSP amount that I got from the withdrawal last January (100% taxable) in TurboTax. How do I get it to show up on line 16a of the 1040 form since Canada doesn't issue a 1099-R.
Thanks in advance for your help.

Thank you so much. I appreciate all your help.

That's not good for me... Do I use forms 8891 and 1116 to report it?
If I have to use form 8891, then the total of distributions would be taxable on 7b?
Thanks again for your help.

I just realized after the facts that one of my RRSPs was a DPSP. My employer contributed 1.5 % of my salary while I was in Canada. I received a T4A from CRA upon withdrawal. I withdrew it 6 days after I became a US resident. Now I need to amend my tax return. Is it taxed the same way as an RRSP in t...

Thank you so much for your reply. You know so much about the topic, you are the expert. :) I am not electing to defer the income since it is my first year in the US and I withdrew the RRSP six days after my arrival. So, I leave it as General income? On 1a Gross Income, I indicated the total amount o...

On part II of form 1116, do we put the taxes paid to Canada at the moment of the withdrawal on A(n) in CDN dollars and on A(r) the same amount but converted in US dollars? Does anyone know where to find reliable information on how to file 1116 (not the IRS instructions) related to RRSP withdrawal? T...

Can somebody confirm that the complete withdrawal of a RRSP made by a US resident is considered a "Passive category income" on form 1116? I checked "General category income" but I think it's wrong. Also, I have to indicate the amount of taxes I paid to Canada for the withdrawal o...

Thanks again! One more question. What should I say to the IRS if I get audited? Is there an official document that says that contributions made while a resident of Canada are not taxable?

All I wanted was to have no paperwork to fill out about my RRSPs once in the USA. But, it didn't work the way I wanted to. And I did pay 30% in taxes at the time of withdrawal because they made a mistake... On the statement there is a unit value and a number of shares, but I was told that the unit v...

I'm a Canadian citizen living in California as a permanent resident. I collapsed my RRSP six days after I became a US resident (I requested to withdraw it before departure but it took so long that I ended up receiving the distributions in the US when I was a US resident). To make a long story short ...

I'm back with a new question on how to report RRSP in the US. I had a RRSP back in Canada since 2004. I collapsed it on Jan. 10 2011, 6 days after I became a US resident. I don't have all the information necessary to determine the book value of my RRSP the day I became a resident. I do know the tota...

Sorry about that.

Could someone answer my previous questions about lines 7a & b (form 8891) as well as line 6c? I really need some help. I must say that I feel overwhelmed... Thanks. [quote="Confused"]Hi, Thank you so much for the information. I'm having a hard time understanding the concept. My Canadia...