I am a resident of the U.S, originally from Canada....My previous Canadian employer recently terminated their Pension plan and in 2009 distributed to me the surplus, net of 25% NR tax withheld...The balance - that is, the amount of the pension benefit payable that was not considered a surplus - was used to purchase a deferred pension annuity which will not start paying out unitl I retire.
How / Where would i report the surplus distribution on the 1040?
Since, I did not receive an NR4 re the deferred pension annuity, I presume that I do not have to report the deferred pension annuity...Is this correct?
Thanks.
Reporting Funds from termination of Canadian Co Pension Plan
Moderator: Mark T Serbinski CA CPA
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