Serbinski Accounting Firms

AMT won't be a problem as I do not have many deductions to trigger that. So, in my case, it's benificial to still file form 8891 but do NOT elect to defer income so my RRSP can be treated as an investment, and I can make use of any capital loss, and any capital gain would be taxed at the lower rate....

I have RRSP comprises of stocks and mutual funds. There is no dividend or interest earned in the account since I came to the US 4 years ago. My questions: 1- Do I have to file form 8891? 2- If I did not make the election on 8819, could I treat my RRSP as a regular investment account, that is upon wi...

Thank you!!!

Hi,
regarding your example above, can I claim the whole $100 CND tax paid as my foreign tax credit on my US return, or can I only claim $35 credit(prorated) applicable to the taxable income portion of $140 because the US did not tax me on the $260 book value?
Thanks very much!