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    jekellie
    New Member

    RRSP overcontribution

    I over-contributed to my RRSP for the 2023 tax year. In February 2024 I sold some in order to get back under the limit.  I'm not sure how/if I need to report the sale on my 2023 taxes. The bank withheld taxes and I understand I will get a T4RSP issued for 2024.  Do I need to report anything in 2023? And if so, how?  THANKS!

    posted
    ‎April 9, 2024 8:14 AM
    last updated ‎April 09, 2024 8:14 AM
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    1 Reply
    Moussi2
    Moderator
    Moderator

    RRSP overcontribution

    Yes you will need to report your RRSP sale with the T4RSP received. This sell will increase your income for the fiscal year 2023. 

     

    Thank you for choosing TurboTax.

    ‎April 9, 2024 9:30 AM
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