Serbinski Accounting Firms

Thanks for all of your responses. Because I was a US citizen, what does that mean from a capital loss standpoint? If I contributed $70K, made $500 in "deferred-income" events (interest/dividends), but only have $50K in the account (due to loss in market value), then 16b would really be $-2...

Just to clarify: Just be sure that the amounts you exclude on 16b vs. 16a is no more than your book value when you arrived. I was always a US citizen so doesn't that mean it is based on the average (or adjusted) cost basis of each security? (eg. if i bought security X at $10,000 in 1999, and sold it...

I have a similar problem. I'm a US citizen with an RRSP (I moved back to the US in 2001). I didn't realize until now, but my tax guy filed Rev Proc 89-45 for me in 1999, 2001, and 2002. I since have not filed anything to register or defer my RRSP. I'm thinking of filing form 8891 for 2004 and 2005 (...