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Level 5
May 14, 2020
Question

Do tax payer (filing 1040) need file 114 form for Canada Retirement account RRSP?

  • May 14, 2020
  • 1 reply
  • 10 views

Hi,

Can any one tell if Fincen114 need for the client who has a few RRSP (retirement accounts from Canada)?

 

If yes, how about  the RRSP (retirement acct owned by spouse) as a beneficiary , but spouse is not filing any tax return in US. Spouse filing tax return in Canada for 2019.

 

Thanks!

 

 

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1 reply

Intuit Community Champion
May 18, 2020

Take a look at this link to see if it provides you with some guidance in this area.

https://www.irs.gov/businesses/comparison-of-form-8938-and-fbar-requirements