Search found 22 matches

by erfan1985
Fri Apr 22, 2022 12:51 am
Forum: Business & Personal Immigration to the United States
Topic: TN support letter end date
Replies: 0
Views: 242

TN support letter end date

Hi all, I have a US job offer which does not have an end date. I am applying for TN and was wondering how the end date should be worded in the support letter. Will this be an issue that my job offer doesn't have an end? Also the job offer says remote in parenthesis as I'm supposed to work from home....
by erfan1985
Mon Apr 04, 2022 11:56 pm
Forum: Canada / United States Tax & Accounting
Topic: Form 8938 FATCA reporting - custodial account or deposit account
Replies: 13
Views: 795

Re: Form 8938 FATCA reporting - custodial account or deposit account

Oh I had this line: Check here if this asset is stock of a foreign entity or an interest in a foreign entity Is that what you r asking? I didnt check it. since my rsp is just an account (which can have stocks in it!) but is not a stock/interest of a foreign entity by itself! lol somebody correct me ...
by erfan1985
Mon Apr 04, 2022 11:54 pm
Forum: Canada / United States Tax & Accounting
Topic: Form 8938 FATCA reporting - custodial account or deposit account
Replies: 13
Views: 795

Re: Form 8938 FATCA reporting - custodial account or deposit account

Mine was RSP in a broker account, so I put it as corporation and entered account number and address, etc. I selected issuer. I did not have anything regarding the last line that you are asking about.
by erfan1985
Mon Apr 04, 2022 6:57 pm
Forum: Canada / United States Tax & Accounting
Topic: Capital loss from previous years
Replies: 11
Views: 378

Re: Capital loss from previous years

I moved to US in jul 2020. I had losses from 2020 and that was only due to deemed disposition of property for CRA. On my NOA of 2020 I have these losses mentioned. during 2021 I had no loss/gain to report to anyone. All I had is 2020's losses in Canada. Should I report this to IRS?? or it s not rele...
by erfan1985
Mon Apr 04, 2022 1:37 pm
Forum: Canada / United States Tax & Accounting
Topic: Capital loss from previous years
Replies: 11
Views: 378

Re: Capital loss from previous years

But this is from previous years. not from this year. I only have it on my CRA's NOA from last year. Where do I enter it for IRS?
by erfan1985
Mon Apr 04, 2022 1:26 am
Forum: Canada / United States Tax & Accounting
Topic: Where to enter Canadian lump sum pension payment?
Replies: 1
Views: 149

Where to enter Canadian lump sum pension payment?

I got a Canadian lump sum payment this year. I am wondering where I should enter this for IRS? For now I entered it in "Foreign Employer Compensation/Pension (not reported on W-2/1099-R) - FEC", which was under "Pensions, Annuities and IRA Distributions" in my tax software. Does ...
by erfan1985
Mon Apr 04, 2022 1:10 am
Forum: Canada / United States Tax & Accounting
Topic: Form 8938 FATCA reporting - custodial account or deposit account
Replies: 13
Views: 795

Re: Form 8938 FATCA reporting - custodial account or deposit account

I also wanna know about this. I found this on IRS website but its from 2014: https://www.irs.gov/pub/irs-prior/i8938--2014.pdf It says: "Beginning in 2014, a specified individual with an interest in a Canadian Registered Retirement Savings Plan (“RRSP”) or Registered Retirement Income Fund (“RR...
by erfan1985
Mon Apr 04, 2022 12:02 am
Forum: Canada / United States Tax & Accounting
Topic: Mapping Canadian T3 to American 1099-DIV
Replies: 2
Views: 188

Re: Mapping Canadian T3 to American 1099-DIV

I have both T5 and T3 from this canadian broker. It has many different field and is confusing to me and the total value is less than 500 CAD. I decided not to use the numbers on those tax forms for US. I just went to my account and summed up all the dividends I received in the last year and entered ...
by erfan1985
Sun Apr 03, 2022 11:54 pm
Forum: Canada / United States Tax & Accounting
Topic: Capital loss from previous years
Replies: 11
Views: 378

Re: Capital loss from previous years

Thanks for pointing this out. I only have Canadian loss. Nothing on the US side yet.
by erfan1985
Sun Apr 03, 2022 7:18 pm
Forum: Canada / United States Tax & Accounting
Topic: Capital loss from previous years
Replies: 11
Views: 378

Re: Capital loss from previous years

Ok I dont want to use it this year. So I m not entering it anywhere. Let s see what happens!
by erfan1985
Sun Apr 03, 2022 6:28 pm
Forum: Canada / United States Tax & Accounting
Topic: Capital loss from previous years
Replies: 11
Views: 378

Re: Capital loss from previous years

CRA has it but I cant figure out where to enter it in Ufile. I think I m fine just submit it the way it is now? CRA will keep that loss history for me?
by erfan1985
Sat Apr 02, 2022 10:38 pm
Forum: Canada / United States Tax & Accounting
Topic: Capital loss from previous years
Replies: 11
Views: 378

Capital loss from previous years

Do I need to enter capital loss from my last year's CRA Notice of Assessment anywhere in order to forward? or it is automatically forwarded to the future years?
by erfan1985
Sat Apr 02, 2022 6:57 pm
Forum: Canada / United States Tax & Accounting
Topic: Mapping Canadian T3 to American 1099-DIV
Replies: 2
Views: 188

Mapping Canadian T3 to American 1099-DIV

Hi all, I m a US resident for tax and one of my brokage accounts in Canada has issued me a T3 and I ve been struggling to map the boxes. I have amounts in boxes 49-51, 21-26, 30, and 42. Was wondering if anyone can help on which one goes to the boxes of 1099-DIV? Also I have added this to my CRA tax...
by erfan1985
Sat Mar 06, 2021 6:01 pm
Forum: Canada / United States Tax & Accounting
Topic: TFSA contributions just before leaving Canada
Replies: 13
Views: 2067

Re: TFSA contributions just before leaving Canada

nelsona wrote: > Yes. But be sure to report all gains and losses on schedule 3 with your > return. Does this mean schedule 3 of CRA, IRS, or both? Also I read on form T1243 "Attach your Form T1243 and Schedule 3 to your tax return". Should I print the schedule 3 from Trubotax and mail that...
by erfan1985
Thu Mar 04, 2021 11:05 pm
Forum: Canada / United States Tax & Accounting
Topic: TFSA contributions just before leaving Canada
Replies: 13
Views: 2067

Re: TFSA contributions just before leaving Canada

So I have calculated my Stock profile gain/loss on the day I left and my portfolio was close to 5000$ in loss. There were no gain. Do I still need to file T1161 and T1243? This trading account is the only thing I had that meet the deemed disposition criteria.