Search found 5 matches

by lgk9
Thu Mar 21, 2019 10:00 pm
Forum: Canada / United States Tax & Accounting
Topic: Canada Student Loans
Replies: 0
Views: 284

Canada Student Loans

Hello, quick question: US students receiving loans have to state them on the IRS return. I am a new US resident for 2018 and received a Canadian (BC) student loan in 2018, no grants or scholarships and it would not be included on my Canadian return for the loan itself. Do I have to include this info...
by lgk9
Thu Mar 21, 2019 9:57 pm
Forum: Canada / United States Tax & Accounting
Topic: Reporting LIRA withdrawal as SSA Income?
Replies: 1
Views: 217

Reporting LIRA withdrawal as SSA Income?

Hello, first time filing Canadian LIRA income from a withdrawal in 2018 for me as a US resident. T$RSP with the lump-sum in box 22 and the tax withheld in box 30. Thats it. we were advised the other night by a TurboTax CPA that we should be reporting a lump-sum withdrawal from my LIRA/locked-in RRSP...
by lgk9
Wed Mar 20, 2019 11:09 am
Forum: Canada / United States Tax & Accounting
Topic: Canadian Inc/Sole Prop 1st Time Filing as US perm resident, Married
Replies: 3
Views: 305

Re: Canadian Inc/Sole Prop 1st Time Filing as US perm resident, Married

nelsona wrote: > > You will want to shut down Cdn "operations' of your etsy and move it > to US Nelson I thought of another question related to this: my business usually generates a small loss which reduces the amount of my other income. can i file this loss on my IRS return as something like a "for...
by lgk9
Sun Mar 10, 2019 3:08 pm
Forum: Canada / United States Tax & Accounting
Topic: Canadian Inc/Sole Prop 1st Time Filing as US perm resident, Married
Replies: 3
Views: 305

Re: Canadian Inc/Sole Prop 1st Time Filing as US perm resident, Married

oh thank you so very much for the great information and clearing up my confusion! I know what to look into now. I really appreciate your help and support, it makes sense, just have to figure out the steps involved. Thanks again! :)
by lgk9
Thu Mar 07, 2019 2:55 pm
Forum: Canada / United States Tax & Accounting
Topic: Canadian Inc/Sole Prop 1st Time Filing as US perm resident, Married
Replies: 3
Views: 305

Canadian Inc/Sole Prop 1st Time Filing as US perm resident, Married

Hello, thanks for this valuable forum! I have found some answers here, but I want to make sure I do this correctly, as I am a new non-resident of the US and this is my first time filing tax for both Canada and the US. Background: I'm a Canadian citizen, on January 12, 2018 I married a US citizen & a...