Thank you nelsona!
If the interest earned for 2020 is only $15, is it still required to be reported? There is no threshold below which it is not required to be reported?
If it should be reported, what can I do to make up for the miss?
Search found 3 matches
- Tue Apr 20, 2021 12:48 pm
- Forum: Canada / United States Tax & Accounting
- Topic: TFSA withdrawal after moving to US
- Replies: 3
- Views: 1320
- Tue Apr 20, 2021 1:29 am
- Forum: Canada / United States Tax & Accounting
- Topic: TFSA withdrawal after moving to US
- Replies: 3
- Views: 1320
TFSA withdrawal after moving to US
Have a TFSA account with several thousand of dollars in it. Funds not invested, no capital gain, except a small savings account rate of return 0.25 to 1%. The account has been reported in FBAR form yearly. Would it be considered a taxable event in US if all funds are withdrawn? If so, where should i...
- Sun Apr 18, 2021 3:45 am
- Forum: Canada / United States Tax & Accounting
- Topic: RRSP consolidation into one account after moving to US
- Replies: 1
- Views: 871
RRSP consolidation into one account after moving to US
Moved to US almost two years ago. Have two RRSP accounts in different institutions, each about 10K worth. Want to consolidate them into one RRSP that will be manageable with my US residence. Canadian based brokerage firm is apparently allowing me to do so. Two questions: 1) Will it trigger US tax im...