Serbinski Accounting Firms

I've always reported the TFSA income on my US return just like other interest income on "normal" CAD savings vehicles. Am I supposed to be reporting it differently?

Let's take this example:
2007 through 2009 - Recognize $5K Form 8891 income on US return that [i]could [/i]have been deferred. No US tax is due since income (with exemptions and deductions) is below threshold.

2010 through 2011 - Recognize $5K Form 8891 income on US return that [i]could [/i]have ...

Yes, I know I'll be taxed. My question was -- why was my software transferring gains/income -- but not losses. And no, I'm not itemizing. One several accounts I had income and/or a net gain and one one a net loss. Only the gains/income show on my return. To show the loss, I have to override the ...

I'm not concerned about my Canadian tax. I may or may not have Canadian tax when I retire --- depends on where I live. Since I generally do not pay US tax today -- and I will tomorrow -- it is definately a tax savings to recognize my Canadian RRSP revenue/gains today on my US return. So...I still ...

I'm not deferring losses because my US taxable income today is much less than it will be once I retire. I currently get the foreign earned income credit, but will lose that at retirement. I've only had taxable US income for the few years where the FX rate has caused "excess" US income.

I had both gains and losses on my Forms 8891. Only the interest, dividends, and gains were transferred to Form 8949.

Am I correct that my losses should also have transferred? (My loss was much less than my gain.)

Thanks!
Jen