Serbinski Accounting Firms

lanman2000 wrote: > Hey there! I honestly don't remember the final outcome of what happened. I > just remember having to write large checks to the IRS and CRA the year I > sold my property in California. Ultimately, if you owe a bunch of tax that > means you made good money on your sale. That said, ...

lanman2000 wrote: > [quote="nelsona"]You should depreciate in Canada. no > question.[/quote] > > Agreed. Just be aware that when you do sell the property you need to > recapture the depreciation in both the us and Canada returns. This is when > you will get hammered with double taxation be...