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- Sat Jun 04, 2022 3:08 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Tax Treatment of Single member US LLC in Canada
- Replies: 2
- Views: 3462
Re: Tax Treatment of Single member US LLC in Canada
I am in a similar boat. I am a US citizen and resident. My wife is a dual citizen and repatriated Canadian resident as of 2022. We have an LLC that she owns 20% of. Apparently the Foreign Tax Credits cannot be claimed in the US, so the result is double taxation of the passthrough income. It appears ...