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.
CC form 8840 line 29
Moderator: Mark T Serbinski CA CPA
Re: CC form 8840 line 29
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.
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