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New Member
posted Oct 30, 2019 8:56:52 PM

Beneficiary of RRSP from spouse's estate. I am entitled to an offsetting deduction for the qualifying transfer. How do I get Turbo tax to recognize this deduction?

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1 Best answer
Level 15
Oct 30, 2019 8:56:54 PM

Sorry for your loss. 

To report this in TurboTax you should receive two separate tax slips - a T4RSP showing the withdrawal amount, and an RRSP Contribution slip showing a "designated transfer". You must first enter both these slips as one usually would, then specify the amount that is a designated transfer. 

Here's some complete instructions for entering this transfer in TurboTax:

https://turbotax.community.intuit.ca/replies/2647835

1 Replies
Level 15
Oct 30, 2019 8:56:54 PM

Sorry for your loss. 

To report this in TurboTax you should receive two separate tax slips - a T4RSP showing the withdrawal amount, and an RRSP Contribution slip showing a "designated transfer". You must first enter both these slips as one usually would, then specify the amount that is a designated transfer. 

Here's some complete instructions for entering this transfer in TurboTax:

https://turbotax.community.intuit.ca/replies/2647835