Reporting RRSP withdrawal to the IRS

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eortlund
Posts: 272
Joined: Tue Aug 07, 2007 12:18 pm

Reporting RRSP withdrawal to the IRS

Post by eortlund » Tue Mar 14, 2017 12:22 pm

Working on US taxes now, and the software is asking me what portion of the RRSP withdrawal is taxable.

My understanding is that for my husband's employer-sponsored RRSP, it's only the growth that is taxable.

For my spousal RRSP, all of it is taxable?

nelsona
Posts: 16588
Joined: Wed Oct 27, 2004 2:33 pm
Location: Nowhere, man

Post by nelsona » Wed Mar 15, 2017 11:54 am

For spouse 100%.
For spousal, as you surely must be aware by now, I have explained dozens of times how to determine the non-taxable portion, so wioll not go through this with you now. Depends on when the contributions were made, was he a US citizen when they were made, when he moved to US, etc.
Nelsona Non grata. Non pro. Search previous posts. Happy Browsing :D

eortlund
Posts: 272
Joined: Tue Aug 07, 2007 12:18 pm

Post by eortlund » Wed Mar 15, 2017 2:25 pm

Yes you have explained it, which is why I knew what values to input for him. Just wasn't sure about my spousal RRSP, but will put down 100% as taxable.

nelsona
Posts: 16588
Joined: Wed Oct 27, 2004 2:33 pm
Location: Nowhere, man

Post by nelsona » Wed Mar 15, 2017 2:30 pm

It isn't, but that is up to you if you cannot determine the non-taxable portion.
Nelsona Non grata. Non pro. Search previous posts. Happy Browsing :D

eortlund
Posts: 272
Joined: Tue Aug 07, 2007 12:18 pm

Post by eortlund » Wed Mar 15, 2017 2:38 pm

Two posts up, you said spousal was 100% in your first line. ?

I fiddled with the numbers and it doesn't really change my refund if I input a lower number for my taxable portion of my RRSP withdrawal. It still limits me to the $2000 I get for my 2 kids, and it seems the Canadian tax as covered whatever US tax would be owed.

eortlund
Posts: 272
Joined: Tue Aug 07, 2007 12:18 pm

Post by eortlund » Wed Mar 15, 2017 2:56 pm

OK, I can see I had it backwards. Found this old thread, viewtopic.php?p=35482&highlight=#35482 so will follow that if nothing has changed since 2014.

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