Search found 14 matches

by XR7777
Wed Mar 27, 2019 8:22 pm
Forum: Canada / United States Tax & Accounting
Topic: Tax on RRSP contribution
Replies: 13
Views: 868

Re: Tax on RRSP contribution

or put gross pension on 4a and taxable amount on 4b after converting Canadian $ to US $?
by XR7777
Wed Mar 27, 2019 8:13 pm
Forum: Canada / United States Tax & Accounting
Topic: Tax on RRSP contribution
Replies: 13
Views: 868

Re: Tax on RRSP contribution

nelsona wrote: > You report the gross pension on the pension line, and the taxable on the > same line, presumambly zero, you can certainly include an 8833 to explain, nelsona, I am using H&R block. I could't find the pension line. Did you mean box 12? then which code? Or it is in deduction or credit...
by XR7777
Wed Mar 27, 2019 8:11 pm
Forum: Canada / United States Tax & Accounting
Topic: Form 2555 foreign earned income
Replies: 6
Views: 408

Re: Form 2555 foreign earned income

okay. thank you again!
by XR7777
Mon Mar 25, 2019 11:10 pm
Forum: Canada / United States Tax & Accounting
Topic: Tax on RRSP contribution
Replies: 13
Views: 868

Re: Tax on RRSP contribution

Thanks so much for your help!
by XR7777
Mon Mar 25, 2019 11:06 pm
Forum: Canada / United States Tax & Accounting
Topic: Form 2555 foreign earned income
Replies: 6
Views: 408

Re: Form 2555 foreign earned income

I lived in Canada for 15 years before I moved to the US so I qualify as a bona fide resident. However, in 2018 I only lived in Canada for 15 days. I moved to the US on January 15. If my understanding is correct, the amount of foreign income can be excluded is determined by the proportion of uninterr...
by XR7777
Sun Mar 24, 2019 5:45 pm
Forum: Canada / United States Tax & Accounting
Topic: Tax on RRSP contribution
Replies: 13
Views: 868

Re: Tax on RRSP contribution

nelsona wrote:
> Yes, it has nothing to do wit the agreement, it has to do wit the type of
> income and how it will be taxed in Canada (and this US).

Should I report severance income on form 1040 or exclude it from 1040 then explain it on form 8833?
by XR7777
Sun Mar 24, 2019 3:43 pm
Forum: Canada / United States Tax & Accounting
Topic: Form 2555 foreign earned income
Replies: 6
Views: 408

Re: Form 2555 foreign earned income

Thank you nelsona! I have difficulty with the qualifying period. I worked 15 days before I went down to the US. What is the number should I put on line 31? If 15, then only 15/365=4% of the $ 103,900 (maximum foreign earned income exclusion), which is $4156. If I received a lot more income than $415...
by XR7777
Sat Mar 23, 2019 6:25 pm
Forum: Canada / United States Tax & Accounting
Topic: Form 2555 foreign earned income
Replies: 6
Views: 408

Form 2555 foreign earned income

Hello,
Should the foreign earned income report on line 19 the net income (after deduction of tax already paid, RRSP contribution, EI premiums, union due, Cpp contribution etc) of Canadian source?

Can anyone please explain the housing exclusion?

Thanks!
by XR7777
Sun Mar 17, 2019 11:37 pm
Forum: Canada / United States Tax & Accounting
Topic: US Resident alien what forms do I need to fill besides 1040
Replies: 0
Views: 261

US Resident alien what forms do I need to fill besides 1040

Hello,
For 2018 tax year, I have a little bit salary from Canadian employer (tax withheld) and rental income. For US tax, what forms do I need to fill besides f1040, f1116 or f8833?

Thank you very much!
by XR7777
Tue Dec 18, 2018 8:19 pm
Forum: Canada / United States Tax & Accounting
Topic: Tax on RRSP contribution
Replies: 13
Views: 868

Re: Tax on RRSP contribution

I will explain and see if IRS recognize it. Thanks!
by XR7777
Mon Dec 17, 2018 11:31 pm
Forum: Canada / United States Tax & Accounting
Topic: Tax on RRSP contribution
Replies: 13
Views: 868

Re: Tax on RRSP contribution

"The severance is really pension income by IRS, and by rolling into an RRSP, it is not taxable in Canada, and thus not in US."

I signed an agreement with my previous Canadian employer to put this severance payment to RRSP. Will it work to submit this agreement to IRS?
by XR7777
Sat Dec 15, 2018 9:34 pm
Forum: Canada / United States Tax & Accounting
Topic: Tax on RRSP contribution
Replies: 13
Views: 868

Re: Tax on RRSP contribution

Thank you nelsona again for your help. I will include form 8833 to explain.
by XR7777
Mon Dec 10, 2018 12:33 am
Forum: Canada / United States Tax & Accounting
Topic: Tax on RRSP contribution
Replies: 13
Views: 868

Tax on RRSP contribution

Hello,
I received severance pay after I left Canada for my new job in the U.S. As an agreement with my previous employer, I put all the payment into RRSP so I was not taxed on this income in Canada. I will be taxed by IRS for this Canadian income, right?

Thanks!
by XR7777
Sat Oct 13, 2018 7:02 pm
Forum: Canada / United States Tax & Accounting
Topic: work in US on TN, how to file tax for rental property in Canada
Replies: 0
Views: 437

work in US on TN, how to file tax for rental property in Canada

Hello, I am working in US on TN. I keep my main residence in Canada and I also have a rental property in Canada. Am I considered as a residence of Canada for tax purpose? Should I file income tax in both US and Canada? Should I submit the form T1161E and NR6 E: https://www.canada.ca/en/revenue-agenc...