Search found 2 matches
- Fri Apr 01, 2011 5:48 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Tax reporting IRA distribution for Canadian Perm. Resident
- Replies: 2
- Views: 2201
- Thu Mar 31, 2011 6:47 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Tax reporting IRA distribution for Canadian Perm. Resident
- Replies: 2
- Views: 2201
Tax reporting IRA distribution for Canadian Perm. Resident
Hi,
I'm a 60 yr. old Canadian permanent resident and US citizen. I took an IRA lump sum distribution in 2010 and would like to know:
1. In which country do I pay the tax on the income?
2. How do I report this event in both countries?
3. How do I apply the resulting tax credit?
Thanks for any help ...
I'm a 60 yr. old Canadian permanent resident and US citizen. I took an IRA lump sum distribution in 2010 and would like to know:
1. In which country do I pay the tax on the income?
2. How do I report this event in both countries?
3. How do I apply the resulting tax credit?
Thanks for any help ...