Serbinski Accounting Firms

Thanks, will just leave erroneous 8891.

Back to my initial question (5) which was... Also any beneficiaries need to file for 8891, so for my RRSP I also filed a form 8891 for my husband (since he is the beneficiary of my RRSP upon my death) so the income has been deferred for him should I pass away & vice versa. Got your response no n...

I will have to look to find where I thought I saw IRS wording on LIRA having a non-taxable basis. Likely you are correct and I'm not, but if I find anything I'll post it.

Thanks for your reply. Great info, but to clariy from my earlier question, not sure what you mean by LIRAs are fully taxable? Isn't there a book value like with an RRSP?? from my question 4) is book value of my LIRA a) b) or c) below? (a) FMV at time of transfer from RPP to LIRA in 2011 (since that'...

Thanks for a great tax blog!! I have a couple of questions, Q1) Can you confirm for 2013 tax year if I have no withdrawals from my RRSP I just report the year end value (converted to US$) on line 8 -- I check Beneficiary, 6a/YES, 6b/enter 2011. That's what I've been doing so far. Q2) If you withdraw...