RRSP's and IRS Form 8938

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Canuck2
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Joined: Sat Sep 07, 2013 10:54 am
Location: North Carolina

RRSP's and IRS Form 8938

Post by Canuck2 » Fri May 05, 2017 5:39 pm

I am a Canadian residing in the USA for a number of years. (with Green card). I'm trying to figure out how to report my Canadian RRSP's correctly on the 2016 IRS 8938 form. I did NOT have any RRSP distributions in 2016.

According to the IRS Form 8938 Instructions as published in January 2015, under "What's New", it mentions that RRSP's or RRIF's should be reported/detailed in Section VI "Other Foreign Asset", as opposed to Section V (for details of Deposit and custodial accounts.

However, when trying to fill out Part VI, I'm OK with line 1 to 6, line 7 should be skipped (as per revised IRS Form 8938 Instructions, dated Jan 5, 2015), but I get to Line 8, and I'm confused...is the holder of my RRSP's (NBCN) the "Issuer" or "Counterparty"? How about the rest of the form? (lines 8b, 8c, ) I'm confused...

Help anyone?

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