CC form 8840 line 29

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moi
Posts: 44
Joined: Sat Aug 13, 2011 9:47 am

CC form 8840 line 29

Post by moi »

I need clarification on line 29, the instructions are not clear.
I live in Canada, but, I have an IRA in the US, which I have never taken funds from, yet.
I am living off my RRSP in Canada.
Do I report both?
Or only once I start withdrawals?
Thank you.
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nelsona
Posts: 18675
Joined: Wed Oct 27, 2004 2:33 pm
Location: Nowhere, man

Re: CC form 8840 line 29

Post by nelsona »

This line is merely talking about WHERE your investments are. It has nothing to do with your income, or how you are using those investments, Your answer would be they are in BOTH the US and Canada.
After 20 years, I am severely cutting back on responses. Do not ask specifically for my help. There are a few others on this board that can answer most questions. All the best
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