Search found 4 matches

by misaki
Sat Apr 18, 2020 1:51 pm
Forum: Canada / United States Tax & Accounting
Topic: Filling form 8621 for two TFSA investments
Replies: 4
Views: 3284

Re: Filling form 8621 for two TFSA investments

CdnAmerican wrote: > Probably others can help more than I for #1, but I think that for #2, you > could compute the change in value in US$ (which may be quite different than > in the investment's currency), and then count it as income under > mark-to-market. That's what I do with my Cdn mutual funds,...
by misaki
Sat Apr 11, 2020 7:17 pm
Forum: Canada / United States Tax & Accounting
Topic: PFIC!
Replies: 2
Views: 2938

Re: PFIC!

MGeorge wrote: > Hello, > > To my knowledge Tangerine investment funds won't provide you with the > required PFIC annual information statement needed to make a QEF election. > You can 1 of 2 things. Make a mark-to-market election, or stick with the > default treatment. > The nice thing about tangeri...
by misaki
Sat Apr 11, 2020 1:47 pm
Forum: Canada / United States Tax & Accounting
Topic: Filling form 8621 for two TFSA investments
Replies: 4
Views: 3284

Filling form 8621 for two TFSA investments

Hello all, I'm a Canadian citizen that's living in the US and doing my US taxes as a resident alien for the first time. I just found this forum and thought it can help me with form 8621. I have two investments that I think require form 8621: 1. Tangerine TFSA investment fund: ◇ ~10k cash. 1 dividend...