Search found 3 matches

by karthikkan
Mon Mar 25, 2019 3:40 pm
Forum: Canada / United States Tax & Accounting
Topic: Correctly completing form 1116 and 405 - exited the US in June2018 but had US income for the first month or so in Canada
Replies: 5
Views: 4061

Re: Correctly completing form 1116 and 405 - exited the US in June2018 but had US income for the first month or so in Ca

Thank you once again, @nelsona. Very useful information - did not know of the existence of the bona fide residence test and IRS Form 2350 that we need to file to qualify for the bonafide residence test. Would love to know if anyone here has used any software to e-file form 2350 to get an extension t...
by karthikkan
Mon Mar 25, 2019 12:28 pm
Forum: Canada / United States Tax & Accounting
Topic: Correctly completing form 1116 and 405 - exited the US in June2018 but had US income for the first month or so in Canada
Replies: 5
Views: 4061

Re: Correctly completing form 1116 and 405 - exited the US in June2018 but had US income for the first month or so in Ca

Thank you @nelsona. If I understand correctly, my income is split in the following ways -> US Employer Income + Canadian Employer Income. Some part of US Employer Income, was earned when I was a Canadian tax resident, which I only became in late June 2018. I believe that any income from my Canadian ...
by karthikkan
Wed Mar 20, 2019 12:58 pm
Forum: Canada / United States Tax & Accounting
Topic: Correctly completing form 1116 and 405 - exited the US in June2018 but had US income for the first month or so in Canada
Replies: 5
Views: 4061

Correctly completing form 1116 and 405 - exited the US in June2018 but had US income for the first month or so in Canada

I was a resident alien in the US for 2018, and moved out of the US and into Canada late in June 2018. However, until mid-July or so, I continued to have income from my US employer. Currently, my plan is to use form 1116 and not 2555, since I will spend less than the 330 days required after exiting t...