Serbinski Accounting Firms

Here is the Q&A from IRS Answer 5: The exclusion of gain for the sale of a personal residence under IRC 121 may apply to NRAs when they sell their U.S. personal residence. Because NRAs cannot file joint returns unless they are married to U.S. persons, NRAs would need to take their own share of t...

Thank you again Nelsona for your advice, much appreciated! I googled the web today and found a few tax professionals talking about nonresident alien may also be able to claim the exclusion of the real property sale. Here is the example from Christopherbyrne.com: (https://christopherbyrne.com/nonresi...

Good morning Nelsona, I have further questions hope you could help with? 1. Since I left US last September, should I file US tax this year as a Dual-Status Taxpayer? What is the tax implication to my Cdn return if I do so? 2. If I can file US tax as Dual-Status, can I qualify for Full/partial Exclus...

Thank you Nelsona for your advice, it is much appreciated! For each year I claimed US-Canada tax treaty article IV to apply for a resident of Canada and nonresident of US for tax purposes using Form 8833, and using US income and tax paid in US as foreign income and foreign tax credit in my Canada ta...

I lived and worked in US from 2015 to 2023 with TN. I bought a house in US in 2016 and sold it in 2023. During the time I was in US I filed US tax return as a non-resident and Canada tax return as a resident. I finished my work in US in September 2023 and returned back to Canada. Hope this is more c...

Hello, everyone! I would like to seek advice on how to file U.S. and Canada tax returns on the sale of a US house last year. I am a Canadian who worked in the U.S. for seven years. During my time there, I purchased a property for living and working purposes. Simultaneously, I maintained a house in C...