Skip to main content
TurboTax
Community
TurboTax
Community
TurboTax
Community
T
tropdechats
April 13, 2025
Question

How do I report a Canadian RRSP withdrawal (and the associated withholding taxes)?

  • April 13, 2025
  • 1 reply
  • 0 views
No text available

    1 reply

    T
    Truckprincess
    April 13, 2025

    I was told to use Canadian Registered Pension Income which comes with 2 inputs.  One is Total Distribution. 

    I was told that you put the Gross Amount for Total and then the delta of the Gross - Taxes Withheld to get the Taxable Part of Distribution.

     

    this is the part giving me heartache as it is not clear that if I paid Canadian taxes- do I also have to pay US taxes or is is considered double taxation?

     

    unfortunately I think the way described to me by the Tax Advisor from TT is correct.

    T
    tropdechatsAuthor
    April 13, 2025

    I found this:

    https://ttlc.intuit.com/community/retirement/discussion/reporting-canadian-rrsp-withdrawl-on-us-taxes/00/2443370/page/3

     

    Total Distribution and Taxable part should be the same amount. Then deduct the 25% withholding in the Foreign Tax Credits.

     

    Good luck!

    T
    Truckprincess
    April 14, 2025

    Did you get that to work?  Finding and adding the foreign tax credit?

    TurboTax Sign In Widget
    TurboTax flag icon

    Unlock tailored help options in your account

    Create an account
    TurboTax Expert Assist
    TurboTax Expert

    Get answers to all your tax questions

    Our experts are available on-demand, no appointment needed. Get help all year long with TurboTax Expert Assist.

    Terms & ConditionsCookie settingsAccessibility statement
    Intuit
    TurboTax Credit Karma QuickBooks MailChimp

    ©1997-2022 Intuit, Inc. All rights reserved.
    Intuit, QuickBooks, QB, TurboTax, ProConnect, and Mint are registered trademarks
    of Intuit Inc. Terms and conditions, features, support, pricing, and service options
    subject to change without notice.

    Security Certification of the TurboTax Online application has been performed by
    C-Level Security.

    By accessing and using this page you agree to the Terms of Use.

    Accessibility

    TRUSTe nResult Certified e-File C-Level Security Certification