http://www.irs.gov/pub/irs-pdf/p575.pdf
Hi Nelsona,
I read the Pub 575 and in the paragraph for "foreign employment contribution while nonresidnet alien" for the cost. It looks like RRSP is the contirbution that cannot include as cost.
Could you clearify me on that? Sorry the wording of the Pub is hard for me to be understand.
Thank you!
Cost of RRSP
Moderator: Mark T Serbinski CA CPA
This is referring to employer-sponsored pensions, not RRSPs.
canadian pensions (and any subsequent LIRAs) are fully taxable upon withdrawal.
canadian pensions (and any subsequent LIRAs) are fully taxable upon withdrawal.
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
Of course I'm talking about US tax. You are reading a US publication.
RRSPs are not employer-sponsored pensions discussed in that Publication, or section 72(w) of the IRC.
RRSPs are not employer-sponsored pensions discussed in that Publication, or section 72(w) of the IRC.
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