Serbinski Accounting Firms

Thanks for the info. The tax situation was a wash or a slight tax deduction year over year iwhen I lived in the US. i.e. according to 216: they would want me to give Rev Can a % of gross rent and then get it all back upon filing the 216....well I didn't do this. What would the tax liability be for t...

Re A1, yes we owned the home >2 years and not absent more than 3. Re A2 What's a 216, US Rental income/depreciation reporting forms? Re A3 OK that makes sense. Re A4 Since all my work related income is now earned in Canada, I want to be able to write off the rental costs and depreciation etc. agains...

I returned to Canada from the US in Jan 1 2005. Couldn't sell my home before departing to take a new job in Can. but was able to sell the US home in May 2005. Also, had a home (old Principal Residence) in Canada that was converted to a Real Estate Rental when I moved to the US in 1998. Last filed in...