Serbinski Accounting Firms

thanks for your quick reply nelson.

Everything in the form is asking about before 1995 though. does it mean I do not even need to hand in that form? it is a required form in the T2062 checklist though.

Hi, I am just doing some preparation for certificate of compliance form T2062, and in the checklist it mentioned that for principal residence, we need to also include T2091(IND) and T2091(IND)-WS. However, T2091(IND)-WS is very confusing. it asks to populate things between 1981 and 1995, and there i...

so is there anyway to offset this large gain? does my departure date matter at all?

Thanks rafa02 and nelsona. a little bit more background, I am a Canadian citizen currently in US on TN visa and need to file as resident alien for the US return. I obtained my Canadian mortgage and house 1 year before coming to US and the exchange rate was about $ to $. Would my background make any ...

Thanks for your quick reply Nelson.
if I sell my house, can the “phantom gainâ€￾ from my mortgage be reduced by things like real estate agent commission?

Hi,

I jointly own a house in Canada with my fiance. just want to ask if I renew or refinance my Canadian mortgage, are there US tax consequences because the exchange rate has jumped from 1.04 to 1.25?

Thanks,
K

I see! thanks!

I see, Thanks! So it may make more sense for me to declare non-residency and file a departure return. Can I use the tax that I have to pay for non-payment of HBP as a foreign tax credit in the US return? I am still paying mortgage to my house in Toronto. the interest is about $1000 per month and sin...

thank you for the quick reply!

I guess since I plan on visiting Canada regularly, I cannot declare the HBP as income?

Hi, I am moving to California from Toronto next month on a TN1 visa. I found this website and it is really great! I got answers for most of my questions through searching, though I am still confused about couple of things. Really appreciate your help! 1. I currently jointly own a house with a common...