Search found 9 matches

by bayarea_dreamer
Sun Jul 12, 2020 8:31 pm
Forum: Canada / United States Tax & Accounting
Topic: Canada rental property depreciation
Replies: 1
Views: 972

Canada rental property depreciation

We are currently living in California but we have a rental property in Canada - Calgary. We want to calculate the depreciation for this to fill in the US tax returns (Form 1040 Schedule E). That will mean we will need to distinguish between the: - price of the land and - the price of the building on...
by bayarea_dreamer
Thu Jul 18, 2019 1:27 am
Forum: Canada / United States Tax & Accounting
Topic: Form 8938 and FBAR
Replies: 3
Views: 2055

Re: Form 8938 and FBAR

Thanks for the reply!

So, what I understand is:

1. 8938 - no need to report my wife's accounts. Only use them for threshold calculations.
2. FBAR - What does "have access to" mean? I don't have any signing authority or joint ownership of these accounts.
by bayarea_dreamer
Mon Jul 01, 2019 10:40 pm
Forum: Canada / United States Tax & Accounting
Topic: Form 8938 and FBAR
Replies: 3
Views: 2055

Re: Form 8938 and FBAR

Adding to the message above:

My wife will not be filing any US taxes for 2018. We both filed our Canadian taxes.
by bayarea_dreamer
Mon Jul 01, 2019 10:37 pm
Forum: Canada / United States Tax & Accounting
Topic: Form 8938 and FBAR
Replies: 3
Views: 2055

Form 8938 and FBAR

Hi, I moved from Canada to USA last year. I am eligible for making the "first year choice" for 2018, so I will be filing my taxes as "US resident" for 2018. My wife moved to USA on 31 December 2018, so I will be filing the taxes as "Married filing separately". I have ob...
by bayarea_dreamer
Wed Mar 27, 2019 6:33 pm
Forum: Canada / United States Tax & Accounting
Topic: FBAR Max account value - moved during year
Replies: 2
Views: 1278

Re: FBAR Max account value - moved during year

Hi mpen,

I also moved to California from Canada last year, do you want to connect to get the answers to these questions together?
by bayarea_dreamer
Wed Mar 27, 2019 6:29 pm
Forum: Canada / United States Tax & Accounting
Topic: Canadian PR (Australian Citizen), Moved to US, Not Going Back to Canada
Replies: 4
Views: 2155

Re: Canadian PR (Australian Citizen), Moved to US, Not Going Back to Canada

Hi Harley,

I also moved from Canada last year to California and have similar questions. Do you want to connect so that we can get the answers together?
by bayarea_dreamer
Wed Oct 10, 2018 12:49 am
Forum: Canada / United States Tax & Accounting
Topic: TN Visa renounce Canadian residency
Replies: 7
Views: 3906

Re: TN Visa renounce Canadian residency

Yes. She is moving here around Christmas vacations. What steps will I need to take in order to become non-resident after she moves?
by bayarea_dreamer
Sun Oct 07, 2018 5:24 am
Forum: Canada / United States Tax & Accounting
Topic: TN Visa renounce Canadian residency
Replies: 7
Views: 3906

Re: TN Visa - how to renounce Canadian residency?

bayarea_dreamer wrote: > Hi, > > I just moved to US and have a full time employment here on TN visa. It will > be great if I am able to get some information regarding my tax implications > in Canada now. I want to renounce my Canadian residency so that I pay taxes > only in US. Here are some salient...
by bayarea_dreamer
Sun Oct 07, 2018 5:23 am
Forum: Canada / United States Tax & Accounting
Topic: TN Visa renounce Canadian residency
Replies: 7
Views: 3906

TN Visa renounce Canadian residency

Hi, I just moved to US and have a full time employment here on TN visa. It will be great if I am able to get some information regarding my tax implications in Canada now. I want to renounce my Canadian residency so that I pay taxes only in US. Here are some salient points: 1. My spouse is still in C...