cudinhdao
New Member

Does US resident need to report the dividends income from Canadian RRSP account on 1099 Div as taxable income when file for US tax?

I am US resident and I hold Canadian RRSP accounts, which I receive dividends quarterly. I understand that I have to file form 8938 and Fincen 114 for US Tax. I don't know how to elect to defer the income from RRSP account and I am not sure if I need to pay tax for the income. Any help would be greatly appreciated.

Seniors and students

It would be best if you asked this question on our U.S. site, as they are more knowledgeable about U.S. taxes. https://ttlc.intuit.com/