Serbinski Accounting Firms

That's certainly a relief! Thanks for helping address my questions.
Would it be possible to direct me to the specific provision on the treaty? Once I read it, I think I'm going out for a few beers knowing I can just send my gains info to my accounting friends in vancouver haha

I'm not sure how relevant this is to "U.S. source capital gains" portion of that link i posted - but the american stocks in question were purchased by Canadian earned income.. although I will presume that using the american brokerage to realize the gains is enough to derive it as a "U...

sorry to complicate things, but what about this: http://www.irs.gov/businesses/small/international/article/0,,id=129253,00.html "RC section 871(a)(2) imposes a flat tax of 30 percent on U.S. source capital gains in the hands of nonresident alien individuals physically present in the United Stat...

Thank you for the reply and information nelsona. Do you have an opinion as to IRS Rev Proc 2010-19 (dealing with emigration) and its interplay with my F1 Visa (a non-immigration intent visa)?

thank you for the prompt response JGCA, do you have a case/rule I can cite to? I'd like to provide a footnote with my return.

Hi there, In short: what is my cost basis if I owned stocks in canada, transferred them to the US and then sold them in the US? book value in canada? FMV on date of transfer? In detail: I'm a Canadian citizen and law student studying on an F1 visa in the US. My law program is a full 3 year program. ...