Search found 4 matches

by aamir50
Thu Mar 20, 2014 2:14 pm
Forum: Canada / United States Tax & Accounting
Topic: Capital loss under XXV
Replies: 6
Views: 3477

Fully understood.

Thanks.

Am I eligible to report this 10K loss in Michigan state return?
by aamir50
Thu Mar 20, 2014 8:30 am
Forum: Canada / United States Tax & Accounting
Topic: Capital loss under XXV
Replies: 6
Views: 3477

So I should not take -3000 losses in 1040NR, instead I should use calculated tax from 1040 in which I already subtract -3000 losses.

Thanks
by aamir50
Wed Mar 19, 2014 4:14 pm
Forum: Canada / United States Tax & Accounting
Topic: Capital loss under XXV
Replies: 6
Views: 3477

Capital loss under XXV

Hi, I am Canadian living in Canada and working in US. I commute to US everyday for work. I got my w-2. I also have stocks losses of 10K in 2013. All stocks are Canadian and through Canadian broker. For past I was filing mfj return utilizing XXV. Now I am not sure how to report this Capital Loss (Sch...
by aamir50
Fri Mar 22, 2013 10:10 am
Forum: Canada / United States Tax & Accounting
Topic: US Child TAX Credit 1000 for each kid-under article XXV
Replies: 4
Views: 2921

US Child TAX Credit 1000 for each kid-under article XXV

Hello, I am Canadian living in Canada working in US. I commute everyday US for work. Under Article 25 I know I can use tax tables and standard deduction same as used by US citizen/resident in 1040. My question is that can I claim $1000 child tax credit for my son, under same article. I should be; be...