Search found 2 matches

by Pandas
Wed Feb 26, 2020 9:52 pm
Forum: Canada / United States Tax & Accounting
Topic: Complications with CDN and US Returns - Need Advice
Replies: 3
Views: 4024

Re: Complications with CDN and US Returns - Need Advice

Thank you nelsona for your help!

Would you happen to know what I should do with my house in terms of declaration to US or Canada? Any tax implications based on our situation? Should I still list the property on T1161 even though it wasn't fully built yet during our departure date?

Which form or ...
by Pandas
Wed Feb 26, 2020 7:46 pm
Forum: Canada / United States Tax & Accounting
Topic: Complications with CDN and US Returns - Need Advice
Replies: 3
Views: 4024

Complications with CDN and US Returns - Need Advice

Hello,

This forum has helped me understand how to finally file Canadian and US tax returns properly. Special thanks to Nelsona for sharing the knowledge. I may be overthinking my situation and would like anyone's advice on what I should do.

Scenario:
- Bought a new construction home in Canada as ...