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Thank you nelsona!

I forgot to mention that I am filling taxes using TurboTax

Hello,

Can someone please provide information on how to report cashing of RRSP and the income generated from the same on the US Tax returns. Here’s my situation -

I moved to the US as a permanent resident from Canada in 2010 when all my RRSP contributions were either in Savings account or ...

Thanks Nelsona,

One more question -

I am trying to claim the foreign tax credit for myself, but because I am filling jointly with my wife, the form 1116 generated by turbo tax has both our names and her social security number, I guess cause she had an online turbo tax account from previous years ...

Nelsona,

Please help confirm the following with regards to reporting foreign tax credit -

Say I earned $40,000 for the 5 months i lived in Canada, I paid $10,000 tax and I am getting a refund of $2000 from CRA.

Form 2555 would let me report $35,000 only (prorated for the period based on limit ...

Thanks a lot Nelsona!

Thank you Nelsona!!

I have more question for you -

1) Going back to the first point - should I use an approximate amount to come up with the base cost of my RRSP since I do not have the accurate information from the time I moved to the US even though I may defer the taxation for now?

2) I am ...

Would appreciate if someone could help answer the following questions with regards to filling for US taxes. This is my first year of filing taxes in the US after getting a green card last year.

1) I do not have an accurate base amount for my RRSP at the time I left Canada, should I use approximate ...