Search found 3 matches

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: 301

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: 301

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: 301

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...