Search found 9 matches
- Sun Jul 12, 2020 8:31 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Canada rental property depreciation
- Replies: 1
- Views: 995
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...
- Thu Jul 18, 2019 1:27 am
- Forum: Canada / United States Tax & Accounting
- Topic: Form 8938 and FBAR
- Replies: 3
- Views: 2090
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.
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.
- Mon Jul 01, 2019 10:40 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Form 8938 and FBAR
- Replies: 3
- Views: 2090
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.
My wife will not be filing any US taxes for 2018. We both filed our Canadian taxes.
- Mon Jul 01, 2019 10:37 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Form 8938 and FBAR
- Replies: 3
- Views: 2090
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...
- Wed Mar 27, 2019 6:33 pm
- Forum: Canada / United States Tax & Accounting
- Topic: FBAR Max account value - moved during year
- Replies: 2
- Views: 1315
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?
I also moved to California from Canada last year, do you want to connect to get the answers to these questions together?
- 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: 2230
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?
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?
- Wed Oct 10, 2018 12:49 am
- Forum: Canada / United States Tax & Accounting
- Topic: TN Visa renounce Canadian residency
- Replies: 7
- Views: 4438
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?
- Sun Oct 07, 2018 5:24 am
- Forum: Canada / United States Tax & Accounting
- Topic: TN Visa renounce Canadian residency
- Replies: 7
- Views: 4438
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...
- Sun Oct 07, 2018 5:23 am
- Forum: Canada / United States Tax & Accounting
- Topic: TN Visa renounce Canadian residency
- Replies: 7
- Views: 4438
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...