Search found 4 matches

by enthusiast
Wed Sep 21, 2011 2:45 pm
Forum: Canada / United States Tax & Accounting
Topic: How to transfer money to US after selling home in Canada
Replies: 7
Views: 3518

Thanks Nelsona for the insight.
by enthusiast
Wed Sep 21, 2011 8:27 am
Forum: Canada / United States Tax & Accounting
Topic: How to transfer money to US after selling home in Canada
Replies: 7
Views: 3518

Thanks! Is there a link to get more info about the US taxation in a similar case. In my case, the property increased in price around 30-40 K after renting the place. Does it mean, I have to pay capital tax on 30-40 K in the US in additional to that of Canada?
by enthusiast
Tue Sep 20, 2011 6:03 pm
Forum: Canada / United States Tax & Accounting
Topic: How to transfer money to US after selling home in Canada
Replies: 7
Views: 3518

Could plz clarify that a bit. For instance, a person stayed in Canada for 2 years in his property that is 5 years old and made a profit of 100k, how would the capital gain be calculated on that?
by enthusiast
Tue Sep 20, 2011 11:32 am
Forum: Canada / United States Tax & Accounting
Topic: How to transfer money to US after selling home in Canada
Replies: 7
Views: 3518

How to transfer money to US after selling home in Canada

Hi, I am a Canadian in US on TN for the last several years. Just recently, I got my GC and am planning to buy my first home in USA. I have a property in Canada (currently rented out) which I am planning to sell and use the funds to buy the house here in the USA. Is there a simple way to bring the mo...