Search found 4 matches

by allstarrevenant
Sat Feb 15, 2020 1:17 pm
Forum: Canada / United States Tax & Accounting
Topic: Reporting US portions of Canadian ETFs while filing as dual status
Replies: 1
Views: 1621

Reporting US portions of Canadian ETFs while filing as dual status

Hi, I moved from Canada to the US in 2019 for work (lived in Canada for 5.5 months and US for 6.5) and plan to file as Dual Status so I'll be filing: - Canadian tax return for the income I made in Canada during the half year I lived in Canada - 1040 NR for any US sourced income I had while living in...
by allstarrevenant
Wed Feb 27, 2019 8:14 pm
Forum: Canada / United States Tax & Accounting
Topic: Sold Canadian Investments before departure to US - taxable on 1040?
Replies: 6
Views: 525

Re: Sold Canadian Investments before departure to US - taxable on 1040?

Thanks again for your help. Just to clarify, in your last reply you said "Your 2018 Cdn return is a departure return", do you mean 2019 and not 2018? I sold and closed the investment accounts in February 2019 and will leave May/June 2019.
by allstarrevenant
Wed Feb 27, 2019 3:26 am
Forum: Canada / United States Tax & Accounting
Topic: Sold Canadian Investments before departure to US - taxable on 1040?
Replies: 6
Views: 525

Re: Sold Canadian Investments before departure to US - taxable on 1040?

nelsona wrote: > 1. Yes, you will have to file a 1040, or a dual-status 1040NR/1040. because > of your income pre-move, it might be best to file dual-status, to avoid > having to report the income and the existence of TFSA. Otherwise you would > need to report all this income in US (including gains ...
by allstarrevenant
Tue Feb 26, 2019 6:21 pm
Forum: Canada / United States Tax & Accounting
Topic: Sold Canadian Investments before departure to US - taxable on 1040?
Replies: 6
Views: 525

Sold Canadian Investments before departure to US - taxable on 1040?

Hi, I'm currently a Canadian citizen and will be permanently moving to the US for work around May-June 2019. I had a TFSA and a Non-Registered account (each having over 50k) which I JUST CLOSED this month (February 2019). I also have a regular chequing account at a Canadian bank (also over 50k), whi...