Serbinski Accounting Firms

Ok thank that makes sense.

If I understand right the qef statement supplied by the fund , for those who provide it, replaces the funds t5 or t3 on the canadian side i.e. On the canadian side the t5 dividends , cap gains etc are reported as income on the Canadian return (same for t3) but on the U.S. return the information ...

Thank you Nelsona. Yes US citizen.
Indeed not quite sure where the numbers go but here is what I think I found out.
Total Ira distribution of $ 88261.95 would go as received from lump sum payment from US IRA plan ad shows as income on T1.
The net amount received after US federal tax deducted and ...

Is this so unusual that no one ever ran in this situation?

How do I deal with the following:
IRA withdrawn Feb 21 2012, thransferred and deposited to Canadian RRSP on Feb 22 2012.
Financial Institution documents show deposit to RRSp account on FEb 22,2012.
Since this date in within the first two months of 2012 the RRSP deduction would normally be reported ...

IS US exempt interest from certain municipal or other organizations in the US taxable in Canada or also exempt by treaty for dual citizens reporting in both countries.
Thank you.

Thank you.

Thank you Nelsona.

Where do I find a reg # for this.
Thank you.

Can treaty offer relief for the following situation:
Taxpayer moved back to US from Canada July 1 2010.
Spouse joined on September 30th upon receiving green card.
IRS guide suggests that taxpayer must file married filing separately while spouse must file dual status (having been non resident alien ...

Thank you again Nelsona.
My concern was the cost basis to be used upon filing beginning to file rental statement on the US side. Original cost exxhanged at the rate of the date of purchase or FMV upon departure and arrival in the US or other.

Thank you Nelsona.
In such a case does the new US resident have to report FMV upon departing to the IRS as a procedure similar to 2010-19 or is FMV documentation on moving adequate for future supporting documentation when principal residence and/or rental real estate is sold.
If property continues ...

Hello and thank you for the feed back,


When reporting deemed disposition resulting in a loss the revenu procedure
says that an individual may not make an election under Article XIII(7).
In this case the individual reported a loss on various investments ( mostly mutual funds).
However the ...

Thnak you Nelsons

spelling mistake of couse should "transferred to RRSP"

Thank you Nelsona.
Treaty position required on allowance ranferred to RRSP?