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: 2180
- 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: 2180
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 in...