USC resident in Canada.
I have owned a Canadian T-bill mutual fund for many years.
(1) The fund distributes its income several times a year, so there is no deferred income. Does that mean that a Form 8621 does not need to be filed?
(2) But if, in a given year, the Cdn$/US$ exchange rate has risen, is there a putative capital gain, and does that require filing a Form 8621?
Cdn T-bill mutual fund -- form 8621 required?
Moderator: Mark T Serbinski CA CPA
-
onlynewsky
- Posts: 8
- Joined: Mon May 21, 2012 11:41 pm
- Contact:
discount christian louboutin
As the trend expert top the fashion and [url=http://www.christianlouboutinscvs.com/]christian louboutins[/url] tendencies in the instances, ChristianLouboutin sneakers has introduced us good kinds.New Arrivals Christian Louboutin on [url=http://www.christianlouboutinscvs.com/m ... -c-11.html]christian louboutin sneakers[/url] sale are the finest possibilities for every female,highlight your magnificence and attractive, which could support you to acquire the hearts of males.
Low-priced Christian Louboutin was developed meticulously and specially for you personally. You'll delight in the comfortable, slender and hot in each individual get-togethers, you may [url=http://www.christianlouboutinscvs.com/c ... g-c-5.html]discount christian louboutin[/url] be so charming and horny. For those who have any queries, be sure to contact with our prospect provider department.
Tags: christian louboutin footwear on sale christian louboutin pumps christian louboutin shops christian louboutin sneakers inexpensive christian louboutin
Low-priced Christian Louboutin was developed meticulously and specially for you personally. You'll delight in the comfortable, slender and hot in each individual get-togethers, you may [url=http://www.christianlouboutinscvs.com/c ... g-c-5.html]discount christian louboutin[/url] be so charming and horny. For those who have any queries, be sure to contact with our prospect provider department.
Tags: christian louboutin footwear on sale christian louboutin pumps christian louboutin shops christian louboutin sneakers inexpensive christian louboutin
123 newsky
-
onlynewsky
- Posts: 8
- Joined: Mon May 21, 2012 11:41 pm
- Contact:
Re: discount christian louboutin
[quote="onlynewsky"]As the trend expert top the fashion and http://www.christianlouboutinscvs.com christian louboutins tendencies in the instances, ChristianLouboutin sneakers has introduced us good kinds.New Arrivals Christian Louboutin on http://www.christianlouboutinscvs.com/m ... -c-11.html]christian louboutin sneakers sale are the finest possibilities for every female,highlight your magnificence and attractive, which could support you to acquire the hearts of males.
Low-priced Christian Louboutin was developed meticulously and specially for you personally. You'll delight in the comfortable, slender and hot in each individual get-togethers, you may http://www.christianlouboutinscvs.com/c ... g-c-5.html discount christian louboutin[/url] be so charming and horny. For those who have any queries, be sure to contact with our prospect provider department.
Tags: christian louboutin footwear on sale christian louboutin pumps christian louboutin shops christian louboutin sneakers inexpensive christian louboutin[/quote]
Low-priced Christian Louboutin was developed meticulously and specially for you personally. You'll delight in the comfortable, slender and hot in each individual get-togethers, you may http://www.christianlouboutinscvs.com/c ... g-c-5.html discount christian louboutin[/url] be so charming and horny. For those who have any queries, be sure to contact with our prospect provider department.
Tags: christian louboutin footwear on sale christian louboutin pumps christian louboutin shops christian louboutin sneakers inexpensive christian louboutin[/quote]
123 newsky
Thank you, nelsona.
For many years my CA reported the income from this fund as Dividends on Schedule B, and then I continued that practice. No other entries or forms were filed for this fund. The IRS always accepted this with no objections.
I file on paper by postal mail. Can I just sell the fund now, list the "dividends" as usual for tax yr 2012, and forget it?
For many years my CA reported the income from this fund as Dividends on Schedule B, and then I continued that practice. No other entries or forms were filed for this fund. The IRS always accepted this with no objections.
I file on paper by postal mail. Can I just sell the fund now, list the "dividends" as usual for tax yr 2012, and forget it?
You asked about capital gains. If you sold or marked to markety (which you are doing for the first time this year no doubt), you have a gain or loss in US dollars.
Your CA was already not filing correctly from what I gather on most things cross-border, why start now?
Your CA was already not filing correctly from what I gather on most things cross-border, why start now?
nelsona non grata. Non pro. Please Search previous posts, no situation is unique as you might think. Happy Browsing 
"(which you are doing for the first time this year no doubt)" --
There has been no transaction in that fund for a long time. No sells, no buys.
In principle I have a couple of weeks to make up my mind, but at this point I do not intend to do a mark-to-market for 2011 (which I have never done, of course).
As regards my CA, some things were done right -- Rev. Proc. 89-45, 8891, FBAR. The 1040 and the foreign-tax-paid on form 1116 were always done with meticulous honesty. A forced capital gain was declared correctly, with the right exchange rates used to arrive at the US-dollar figures. But I'm not disagreeing with your point -- the handling of the money market fund was greatly unfortunate. As for myself, the first time in all these years I have seen the mutual fund issue raised was about two months ago. The IRS has accepted my returns for 40 years without comment. I'm spoiled by the Notices of Assessment from Canada and Québec, which arrive within weeks of filing.
There has been no transaction in that fund for a long time. No sells, no buys.
In principle I have a couple of weeks to make up my mind, but at this point I do not intend to do a mark-to-market for 2011 (which I have never done, of course).
As regards my CA, some things were done right -- Rev. Proc. 89-45, 8891, FBAR. The 1040 and the foreign-tax-paid on form 1116 were always done with meticulous honesty. A forced capital gain was declared correctly, with the right exchange rates used to arrive at the US-dollar figures. But I'm not disagreeing with your point -- the handling of the money market fund was greatly unfortunate. As for myself, the first time in all these years I have seen the mutual fund issue raised was about two months ago. The IRS has accepted my returns for 40 years without comment. I'm spoiled by the Notices of Assessment from Canada and Québec, which arrive within weeks of filing.