I have 2 RRSP's that in previous years I have elected to defer the tax on the undistributed earnings. In 2007 these RRSP's were rolled over into 2 different RRSP investments with the same bank, but now have different account numbers than the ones I previously elected.
Now I am confused as to how to answer questions 6a.
[quote]Have you previously made an election under Article XVIII(7) of the U.S.-Canada income tax treaty to defer U.S. income tax on the undistributed earnings of the plan?[/quote]
Technically I have not elected to defer the new RRSP account; however, there was an election on the source of these funds (old and now closed RRSP account).
Thoughts anyone?
Thanks,
Al
Form 8891 and RRSP Rollover
Moderator: Mark T Serbinski CA CPA
You need 4 8891's. The 2 old accounts should indicate ZERO funds at year end, with a note indicating they have been transferred to yyy. The nEW ones should have a note that they were transferred from xxx.
The year of election for the new accounts is 2007.
The year of election for the new accounts is 2007.
After 20 years, I am severely cutting back on responses. Do not ask specifically for my help. There are a few others on this board that can answer most questions. All the best