Serbinski Accounting Firms

Oh! Now that's an interesting idea.

Nertz. Oh well. Don't know that it would have been much anyway. I'll send in 2008 then and look over 2009 to see if I can scrape anything out of it. Kind of doubt it - 2009 was a pretty simple year.

Thanks again for your help!

Ok. So any money I took out comes out of profit first, and is therefore taxable. I'm still not clear on if triggering recapture means I have to be more detailed in future 8891 filings. Or is it just for 2010? I'll look at my '08 and '09 taxes (good thing I held off sending them in yesterday!) and se...

Thanks again for getting back to me! This is quite a problem to sort through and I appreciate your help. I want to be clear that I'm in no way discounting the information you've been giving me! It does contradict what I found before, but I wasn't sure that previous info applied to me. And I've found...

Interesting... That contradicts other info I found that suggested the HBP wouldn't be considered a withdrawal until the year it was taxed in Canada (IE: 2011, when I left w/o paying it back). There's a fair amount of verbiage out there about how the tax treaty is set up to try and make it so you hav...

nelsona - thanks for replying! That sounds like the info that I mentioned google turning up regarding Canadians in the US and them using their HBP. Can you give me more details, and/or point me to the right documents to read so I can figure out what it means specifically? EG: Do I have to amend prev...

I'm a US citizen and lived in Canada from Jan 2005 to Sep 2011. I was a little lax in doing my US taxes (no excuse - I got lazy), but now that I'm back in the states and need to file them, I need to catch up. Most of them are straight forward, except for the last couple years. In 2010 I borrowed mon...