Search found 2 matches
- Wed Dec 13, 2023 12:35 am
- Forum: Canada / United States Tax & Accounting
- Topic: Deemed disposition of US rental condo
- Replies: 10
- Views: 7327
Re: Deemed disposition of US rental condo
@nelsona, I read the IRS procedure and am nonetheless confused. I'm a US citizen, going to leave Canada in 2024. I have multiple rental properties in the US. The procedure speaks of being able to "elect" to take the FMV that one uses to calculate taxes due the CRA, and make that the new ba...
- Thu Jun 01, 2023 11:36 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Has the double taxation of US LLCs ended?
- Replies: 1
- Views: 1075
Has the double taxation of US LLCs ended?
According to this article on the Serbinski site - https://www.serbinski.com/for-businesses/using-an-llc which references this summary of the Fifth Protocol - https://www.serbinski.com/sites/default/files/pdf-files/Fifth_Protocol_and_Cross_Border_Contracting.pdf it sounds like the issue of double tax...