Search found 2 matches
- Mon Mar 30, 2020 11:22 am
- Forum: Canada / United States Tax & Accounting
- Topic: Dual Citizen Reporting IRA Withdrawal
- Replies: 2
- Views: 1709
Re: Dual Citizen Reporting IRA Withdrawal
Perfect, thanks!
- Mon Mar 30, 2020 12:53 am
- Forum: Canada / United States Tax & Accounting
- Topic: Dual Citizen Reporting IRA Withdrawal
- Replies: 2
- Views: 1709
Dual Citizen Reporting IRA Withdrawal
Hi,
I am a Dual CDN/US Citizen, residing in Canada. I cashed out a US IRA in 2018 (lump sum), and this is my only US source income. I understand that I will pay taxes to the US on this withdrawal including a 10% early withdrawal penalty (the bank already withheld some, but the actual amount is ...
I am a Dual CDN/US Citizen, residing in Canada. I cashed out a US IRA in 2018 (lump sum), and this is my only US source income. I understand that I will pay taxes to the US on this withdrawal including a 10% early withdrawal penalty (the bank already withheld some, but the actual amount is ...