Search found 20 matches
- Sun Feb 22, 2015 5:18 pm
- Forum: Canada / United States Tax & Accounting
- Topic: PFIC reporting on Cdn domiciled Mutual Funds
- Replies: 16
- Views: 11763
- Sun Feb 22, 2015 12:43 pm
- Forum: Canada / United States Tax & Accounting
- Topic: PFIC reporting on Cdn domiciled Mutual Funds
- Replies: 16
- Views: 11763
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 supp...
- Tue Feb 19, 2013 12:55 am
- Forum: Canada / United States Tax & Accounting
- Topic: IRA transfer to RRSP problem
- Replies: 5
- Views: 3170
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 var...
- Wed Feb 13, 2013 6:56 am
- Forum: Canada / United States Tax & Accounting
- Topic: IRA transfer to RRSP problem
- Replies: 5
- Views: 3170
- Tue Feb 12, 2013 4:37 pm
- Forum: Canada / United States Tax & Accounting
- Topic: IRA transfer to RRSP problem
- Replies: 5
- Views: 3170
IRA transfer to RRSP problem
How do I deal with the following: IRA withdrawn Feb 21 2012, thransferred and deposited to Canadian RRSP on Feb 22 2012.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 o...
- Mon Apr 16, 2012 6:10 pm
- Forum: Canada / United States Tax & Accounting
- Topic: us exempt interets
- Replies: 1
- Views: 1769
us exempt interets
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.
- Fri Sep 23, 2011 12:50 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Dual Status return vs 1040
- Replies: 5
- Views: 3401
- Wed Sep 21, 2011 2:33 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Dual Status return vs 1040
- Replies: 5
- Views: 3401
- Wed Sep 21, 2011 12:48 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Dual Status return vs 1040
- Replies: 5
- Views: 3401
Dual Status return vs 1040
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 f...
- Sun Apr 17, 2011 6:05 pm
- Forum: Canada / United States Tax & Accounting
- Topic: rev procedure 2010-19 deemed disposition
- Replies: 5
- Views: 3143
- Sun Apr 17, 2011 5:18 pm
- Forum: Canada / United States Tax & Accounting
- Topic: rev procedure 2010-19 deemed disposition
- Replies: 5
- Views: 3143
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 t...
- Sun Apr 17, 2011 12:43 pm
- Forum: Canada / United States Tax & Accounting
- Topic: rev procedure 2010-19 deemed disposition
- Replies: 5
- Views: 3143
rev procedure 2010-19 deemed disposition
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 reported pr...
- Sun Apr 10, 2011 2:48 am
- Forum: Canada / United States Tax & Accounting
- Topic: Retiring allowance recived in Canada by a US citizen
- Replies: 6
- Views: 4373
- Fri Apr 08, 2011 3:16 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Retiring allowance recived in Canada by a US citizen
- Replies: 6
- Views: 4373
- Fri Apr 08, 2011 3:15 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Retiring allowance recived in Canada by a US citizen
- Replies: 6
- Views: 4373