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New Member
posted Apr 21, 2021 11:18:22 AM

Why isn't my RIF income shown on my taxable income

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1 Replies
Level 5
Apr 28, 2021 6:12:17 AM

As we do not have all information to guide you with your question. We can suggest to you the following:

  • If you are 65 years of age or older on Dec 31, the RIF income is considered pension income and is reported on line 115 and is eligible for the pension income amount. 
  • If you are under age 65 on Dec 31, you must report this income on line 130 "Other income."  It is not considered pension income and is not eligible for the pension income amount.

For more information please see our TurboTax article: RRIF Withdrawal Reduction

 

If further assistance is required, we believe your best option is to contact our telephone support team, as they have the option to view your screen to help resolve the issue. To contact us please follow this link: Contact Us form. Once you go through the steps and complete the form, the phone number to speak to a TurboTax agent will appear on the page. 

 

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