Cashed in RRSP - Help on US Reporting

nelsona · Post by **nelsona** » Wed Feb 08, 2006 1:05 pm

Only 16b goes on Line 1.

Your are going to have to hash this out for youself, or get online with turbotax at this point, I prefer to be a philosopher than a mechanic.

jstone · Post by **jstone** » Wed Feb 08, 2006 2:14 pm

I think I'm good now. Thanks for your help.

On the mechanics topic I did discover how easy it was to let Turbotax generate my 1040X's for me. I easily generated it for 2004. And tested it out for 2003 as well. I could easily go back all the way to 1997 if I wanted to.

Thanks again.

nelsona · Post by **nelsona** » Wed Feb 08, 2006 4:09 pm

A 1040X is blank. It's the statements that you will attach that are the hard part.

jstone · Post by **jstone** » Wed Feb 08, 2006 5:45 pm

I thought that I had to fill in the 1040X with all of the appropriate details (AGI, Deductions, etc.) with a delta of 0 - do I not have to do that?

I have my yearly balances of my RRSP. So I thought it would be easy just to type up a simple statement in compliance with 2003-23 with beginning of year balances on each and year-end on the 2003 form.

But again, that's if I want to amend all of them. Your input was to only do it for 2004. To be honest I'm still on the fence - but will decide shortly.

nelsona · Post by **nelsona** » Wed Feb 08, 2006 11:13 pm

I thought that I had to fill in the 1040X with all of the appropriate details (AGI, Deductions, etc.) with a delta of 0 - do I not have to do that?

Not if you are only adding a form/statement.