Serbinski Accounting Firms

Thanks for the clarifications Nelsona.

I was researching that some more and realized, which makes a lot of sense given the deemed disposition by Canada when I left, that the cost basis for the gains in the US is the value of the funds at the time of the deemed disposition (thus avoiding double taxation as per the treaty).

This might ...

Here is another question. I was actually quite surprised not to find an answer searching this forum or the web, as I thought it should be a pretty common issue.

I have sold some of my (non-RRSP) Canadian mutual funds for the first time since I became a permanent US resident. I did not find any ...

Thanks Nelsona, we are focusing on the key points here.

Agree in principle that I should only pay tax on income generated by the fund, but, on form 3520, part III, I can implement that principle only if I use Schedule B, and my understanding is that I cannot use schedule B without a "Trust ...

I'm a U.S. resident (Green Card). The executor of my father's will ended up creating a testamentary trust (did not for a couple of years, then did so retroactively, and both the federal and provincial goverments apparently accepted that). I have received a check in 2005 (< $100,000) with no ...