Report RRIF income in TaxAct

BillM · Post by **BillM** » Thu May 28, 2015 4:57 pm

For my 2013 return, RRIF distributions were reported in Form 8891, and automatically transferred to line 16b of the 1040. However, this year the 8891 is not used; to enter foreign retirement plan income, TaxAct presents a 1099-R form to be filled in. The entered return passes the Alerts phase of the program, but when I attempt to efile, I am asked for the payer ID number (EIN). I have requested this from my plan provider, and have been told they will need some time to furnish it to me. Of course, I am running out of time before the extension deadline.

So, my question is, can anyone suggest an alternative way of reporting the RRIF income, which does not involve the payer number?

nelsona · Post by **nelsona** » Thu May 28, 2015 7:46 pm

There should be a foreign income sheet that you fill under retirement accounts. It is NOT a 1099.

BillM · Post by **BillM** » Fri May 29, 2015 9:35 am

But I can't find a foreign income input form of this type. Can anyone help?

K104XYZ · Post by **K104XYZ** » Fri May 29, 2015 10:04 am

Bill M ... about a month ago (April 13) I saw a post where someone said that RRSP income (by extension, RRIF income, presumably) can be entered in the FEC (Foreign Employer Compensation) worksheet of the software. Search "FEC" in the forum if you want to see the post. I have never done it myself, I just remembered reading the post, so maybe you might find it useful.

BillM · Post by **BillM** » Fri May 29, 2015 11:44 am

That's it! Thanks for the reference, K104XYZ.

I had considered this form, and then decided that it applied to
"Foreign _Employer_ Compensation and (_Employer_) Pensions".

An RRIF is clearly not an Employer Pension. However, if interpreted as
"Foreign Employer Compensation and (Foreign) Pensions", it works.

My return was accepted with RRIF income reported on this basis - no payer number required.

Thanks for providing the useful web site.