Serbinski Accounting Firms

Thanks Nelson. I only had an RRSP after I became CA non-resident.

Thanks Nelson. Always appreciate your help here and this whole forum. I had completed the US portion already, and on 8891 I have clicked the 6a box Yes so never filled out the distributions portion before. It was after I had entered my US and selected to add CA state that the CA interview asked me f...

I've been using US TurboTax with CA state for several years, and this is the first year I recall seeing the request to enter Canadian RRSP info. I am CA Non-Resident but file a CA return because of a rental (my former primary residence in CA). Is this requirement to provide the RRSP int/dividend/cap...

D'oh. Thanks for all your information on this site nelson.
I'd buy you a beer/drink/happy meal right now if I could.

Guess it is time to print and file now. I can't wring out anymore 1116 credits.

Ok, now the converse. Can I claim a credit on the US (and possibly Calif) for the Canadian tax I paid due to my Calif rental, and if so which form?

On the instructions on 3520-A for Part1 Lines 3a-3g, it says : any US citizen...including the Grantor ... may act as the US agent.

So I'm going to put down myself.

I think part of my confusion is what is the word "TAX" that you refer to in other thread regarding order of filing. #1 So after 1st pass, what value for TAX do you use in the other country's tax credits? (I assume for US return you use amount from Canada's line 435 (total tax payable) on f...

Here's an URL:

http://www.bankofcanada.ca/en/rates/exc ... g_pdf.html

Pick the annual average (at the page bottom) for the year you are doing your taxes for....

I did a search through the forum for K-1 and K1 but found nothing. My US parents set up a K-1 partnership for estate planning, which includes securities, and the family lake place. On the K-1 I receive, there is Interest and Dividends, and occasionally capital gain/loss if we sell any securities in ...

Thanks for the response nelsona. 1) Regarding me using weighted effective rates rather marginal--ok I'll recompute that for US portion of tax, but can't I automatically take 100% of my CAlif tax liability, since the rental is the only thing CA is taxing me for? (Or maybe my CA tax rate is 100% effec...

Thanks for all your help. This forum is invaluable!

I had tax prep done by a major accounting firm for many years while I was on foreign assignment until I just transferred into the Canadian subsidiary. They always did the T776 on Canada and Schedule E on US side. However, this is the first year that I've made any significant money after depreciation...

I THINK I have it right. I entered all my information on the T776, and then under the Foreign income and property setup of UFILE there was a section to add Foreign Rental. I then inputted the Net Foreign Business Income or Loss and Foreign Business Income reported as Business income as my net rental...

Dual citizen, living in Canada whole year. Rental of house in Calif results in $200 tax to Calif (and this is the ONLY income as far as California is concerned since I'm non-resident entire year), and lets say $600 to US. Can I use the $800 tax owed in US/Calif against my Canadian return, and if so,...

After 1st pass, what value for tax paid do you use in the other country's tax credits? I assume for US return you use tax amount from Canada's line 428, and for Canada return you use tax computed on 1040's line 46. For 1116, can I have General (for employment), Passive (for Canadian passive income),...