pensions vs. RRIFs
Moderator: Mark T Serbinski CA CPA
pensions vs. RRIFs
If the source of an RRIF is a part of one's pension, does it still need to have an 8891 form filled out?
Yes, RRIFs must be reported on 8891 to account for the trust aspect usually addressed in form 3520.
The fact that it was a pension only changes the way it will eventually be taxed by IRS.
The fact that it was a pension only changes the way it will eventually be taxed by IRS.
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