Search found 5 matches

by xkrz
Mon Sep 15, 2025 2:46 am
Forum: Canada / United States Tax & Accounting
Topic: How to use Foreign Tax Credit to offset US Tax on the same year for house sale
Replies: 4
Views: 2459

Re: How to use Foreign Tax Credit to offset US Tax on the same year for house sale

No, I didn't work in Canada after I moved. It was for some unvested stocks that was awarded in Canada.
by xkrz
Thu Sep 11, 2025 9:01 pm
Forum: Canada / United States Tax & Accounting
Topic: How to use Foreign Tax Credit to offset US Tax on the same year for house sale
Replies: 4
Views: 2459

Re: How to use Foreign Tax Credit to offset US Tax on the same year for house sale

Thank you nelsona. Interesting. Actually Deloitte file for me for the first few years as part of my relocation package. I continue what they did after with consultation. I was explained that the tax credits I got, are for future years, that left me the impression I can't use it in the same year. The ...
by xkrz
Thu Sep 11, 2025 4:40 am
Forum: Canada / United States Tax & Accounting
Topic: How to use Foreign Tax Credit to offset US Tax on the same year for house sale
Replies: 4
Views: 2459

How to use Foreign Tax Credit to offset US Tax on the same year for house sale

I work in the US, in the past, when I got Foreign Tax Credits for taxes paid in Canada, I was told I can use that credit for the future year, but not the same year in US. I sold my Canada house last year, and I am concern that I cannot use the taxed paid in Canada to offset the tax obligation in the ...
by xkrz
Thu Aug 21, 2025 6:54 pm
Forum: Canada / United States Tax & Accounting
Topic: Tax Advice for US residents sold Canada House last year
Replies: 3
Views: 2750

Re: Tax Advice for US residents sold Canada House last year

Thank you, nelsona! I can't recall if my accountant have submitted any form to change my house to be business rental instead of principal residence. Do you know if this is a thing, if so, how can I check?
by xkrz
Wed Aug 20, 2025 3:47 am
Forum: Canada / United States Tax & Accounting
Topic: Tax Advice for US residents sold Canada House last year
Replies: 3
Views: 2750

Tax Advice for US residents sold Canada House last year

Hi,
I and my wife moved to the US a few years ago, but kept my Canadian house rented out until last year when I sold it. For the past years' rentals, I had been doing NR4 + S216. Since I sold the house, the tax seems to be more complicated. I was thinking of getting a CPA, but the quotes were really ...