Reporting RRSP withdrawal to the IRS

eortlund · Post by **eortlund** » Tue Mar 14, 2017 12:22 pm

Working on US taxes now, and the software is asking me what portion of the RRSP withdrawal is taxable.

My understanding is that for my husband's employer-sponsored RRSP, it's only the growth that is taxable.

For my spousal RRSP, all of it is taxable?

nelsona · Post by **nelsona** » Wed Mar 15, 2017 11:54 am

For spouse 100%.
For spousal, as you surely must be aware by now, I have explained dozens of times how to determine the non-taxable portion, so wioll not go through this with you now. Depends on when the contributions were made, was he a US citizen when they were made, when he moved to US, etc.

eortlund · Post by **eortlund** » Wed Mar 15, 2017 2:25 pm

Yes you have explained it, which is why I knew what values to input for him. Just wasn't sure about my spousal RRSP, but will put down 100% as taxable.

nelsona · Post by **nelsona** » Wed Mar 15, 2017 2:30 pm

It isn't, but that is up to you if you cannot determine the non-taxable portion.

eortlund · Post by **eortlund** » Wed Mar 15, 2017 2:38 pm

Two posts up, you said spousal was 100% in your first line. ?

I fiddled with the numbers and it doesn't really change my refund if I input a lower number for my taxable portion of my RRSP withdrawal. It still limits me to the $2000 I get for my 2 kids, and it seems the Canadian tax as covered whatever US tax would be owed.

eortlund · Post by **eortlund** » Wed Mar 15, 2017 2:56 pm

OK, I can see I had it backwards. Found this old thread, viewtopic.php?p=35482&highlight=#35482 so will follow that if nothing has changed since 2014.