Serbinski Accounting Firms

Correct

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First off, you are not using 217 if you have cap gains. 217 is only for pension income and only if it reduces your tax on those specific items.

So just file a NR return, reporting the gain. Nothing else needs reporting.

Correct. Even speaking to a live IRS telephlunkie is rarely going to help; a robophlunkie is even less helpful. You are really using the software to get the result, not necessarily e-file. Put whatever you need in fields to get past any administrative roadblocks. Obviously, those who use FEIE usuall...

1. You report on 1116 the net amount of your rental income -- as reported on your 1040. The term gross is in reference to your overall gross income. Your net rental income contributes to your gross income.
2. It is the actual tax owed on your return; the term used is accrued tax.

He certainly can use FEIE. some limits come in to play, but your software will figure it

Is the amount less than $10K CAD? If so you can exclude it from your income by treaty. Was this the only Cdn source of income (other than interest, etc which is not reportable by non-residents)? If so, you probably should have filed a return for the province of Ontario along with T2203. As explained...

Yes, this is correct. Known as the kiddie tax.
Rules may have changed, but there was a provision where the parent could include this income on their return. Look into that.

Most states do not "honor" tax treaties. However most abide by the IRS definitions of income, and follow the information on 1040. In my opinion, the accountants are being overly aggressive, without state guidance. California taxes RRSP internal income. However they issued specific guidance...

It is just your income, as Cdns do not file joint returns in Canada.

But you may include your spouse's medical expenses when calculating your deductions, which can allow you to take more of your RRSP at a zero or low interest. 217 is usually only beneficial if you are not working.

As with all FTC calculations, you are always limited to the least tax paid in either country.

They would have to be the ones showing you the tax code reference. I know of none. We are talking INTERNAL income, not withdrawals.

For all investments, you report the cost and proceeds in the currency of the return, at the time of buying and at the time of buying. Your cost basis for Canada would be based on the value when you moved; the moment of transfer to a CDn brokerage has no bearing. For your 1040, you report the basis a...

As you read it, for the presence test says any 12-month period. so yours would be the period from the time you left Canada, back 12 months, since you are wanting to exclude the wages from early 2023.

For the residence test, you simply need to have established a residence in canada, which you had.

Btw, April 5th is a little late to be working on this. Next year start working on this in December.

Not an issue, and you should file jointly.