self-employed in Canada
Moderator: Mark T Serbinski CA CPA
self-employed in Canada
I am a dual citizen living in Canada. I moved to Canada in March 2015. Prior to moving, I was employed as a teacher and was also a self-employed writer and graphic designer. After moving, I began working self-employed full time, though I did work seasonally for a Canadian company. I've always used Turbo Tax for filing my US taxes, but now it doesn't seem to be figuring things right for my self-employed earnings. When I enter my royalties (from wriitng they are earned income) they tax it. But living in Canada, I will be reporting it to Canada and they will tax it. Do I report all of my royalty earnings to the US or simply the amount I earned while living in the US? Should I totally scrap trying to use Turbo Tax for my US taxes?
AS a USC living in Canada, you will continue to be taxed in BOTH countries from now on.
You will then need to get rekief from double taxation by applying foreign tax credits, some from Canada, some from US.
Remember tot, that your SE income is exempt from SE tax (but not income tax) in US. you will be paying Cdn cpp payments
The tax software handle it, you just have give more info to it,
You will then need to get rekief from double taxation by applying foreign tax credits, some from Canada, some from US.
Remember tot, that your SE income is exempt from SE tax (but not income tax) in US. you will be paying Cdn cpp payments
The tax software handle it, you just have give more info to it,
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