pensions vs. RRIFs

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ububba
Posts: 6
Joined: Tue May 11, 2010 2:51 am

pensions vs. RRIFs

Post by ububba »

If the source of an RRIF is a part of one's pension, does it still need to have an 8891 form filled out?
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nelsona
Posts: 18679
Joined: Wed Oct 27, 2004 2:33 pm
Location: Nowhere, man

Post by nelsona »

Yes, RRIFs must be reported on 8891 to account for the trust aspect usually addressed in form 3520.

The fact that it was a pension only changes the way it will eventually be taxed by IRS.
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
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