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?
Reporting RRSP withdrawal to the IRS
Moderator: Mark T Serbinski CA CPA
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.
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. Please Search previous posts, no situation is unique as you might think. Happy Browsing
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.
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.
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.