Search found 3 matches

by JoeyLaBouche
Tue Mar 17, 2009 7:46 pm
Forum: Canada / United States Tax & Accounting
Topic: Exchange Rate question..
Replies: 6
Views: 4049

Fair enough..But about my other question.....So are you saying I can claim a capital loss for 2009 if I dump the remaining CDN funds down here now? Too late to help 2008 I imagine...

Joe
by JoeyLaBouche
Mon Mar 16, 2009 9:09 pm
Forum: Canada / United States Tax & Accounting
Topic: Exchange Rate question..
Replies: 6
Views: 4049

Thank you for the reply...So are you saying I can claim a capital loss for 2009 if I dump the remaining CDN funds down here now? Too late for 2008 I imagine...

The IRS BTW told me to use the Federal Reserve Rate for the year couple days ago...Then i thought I better double check with you...

Joe
by JoeyLaBouche
Sun Mar 15, 2009 9:57 pm
Forum: Canada / United States Tax & Accounting
Topic: Exchange Rate question..
Replies: 6
Views: 4049

Exchange Rate question..

I looked through the posts..maybe I'm missing it..about exchange rates... So if I got a payout from a Canadian company in 2008 and I've been living in the usa through 2008...I know I have to do the tax credit for the 1116 to add to my world income on the 1040..but at what conversition rate is the Cd...