RESP income, who reports it on US tax return?

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Marina
Posts: 4
Joined: Thu Mar 31, 2011 9:49 pm

RESP income, who reports it on US tax return?

Post by Marina »

Does the parent report the Canadian RESP income on their US tax return or the beneficiary who is their daughter? Thanks.

Is the trustee the financial management company? I'm working on form 3520-A.
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nelsona
Posts: 18675
Joined: Wed Oct 27, 2004 2:33 pm
Location: Nowhere, man

Post by nelsona »

The parent.

Yes, the trustee is the firm.
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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