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I moved to USA from Canada on May 2010 on TN. I have T5013 from real estate investment.

How to report T5013 in
1) USA
2) Canada as non residence?
3) Canada till may 2010?


Thanks

I moved to USA from Canada on May 23, 2010 on TN. For 2010, I lived more than 183 days and passed substantial presence test.
Can I file as dual status or must file as resident?

Thanks for prompt reply.

Do I have option to use original price for my principal residence (Property 2) for cap gain purpose since value of principal residence down by 15% at the time I left Canada.

I moved to USA on TN visa on May 2010. I have three rental properties in Canada.

Property 1: bought as primary residence in July 2006 and change of use in February 2008 as rental property.

Property 2: bought as primary residence in June 2007 and change of use in July 2010 as rental property (just after moving to USA).

Property 3: bought as rental property in August 2007.

To report IRS, for capital gain and depreciation purpose,
Should I use FMV on May 2010 for all properties?
Or FMV at “change of useâ€￾ for property 1 and original price for property 3?