Serbinski Accounting Firms

Thanks... now to figure out how to get all this into TurboTax... :cry: ... as to the AMT, yep, that hits ... but if I run TurboTax willout mentioning the RRSP, I get the AMT also, so it looks like I'm getting caught in that "middle income" AMT trap.

Now I'm confused. JGCA suggests that I cannot deduct either the withholding nor claim the loss. Nelsons suggest that I can claim the loss. My RRSP has a loss and we closed it in 2012. My wife's is still open and doing well. Are you suggesting that when I close her account I can combine the two gains...

Thanks! So the big picture is... (Distribution amount) - (FMV@ time on entry to US) = reported income (if positive). What happens on the tax? The distribution amount gets nailed with 25% by Canada. How does that get claimed against the reported income in the US? A tax credit? ie, if the FMV was $100...

I have been living in the US since 1997, been a resident, filed US taxes since I've been here. In 2012 I closed out my RRSP. I had an accountant do my taxes in the early years, but he really did not understand cross border RRSP's. I been doing my own with Turbo tax for the past 5 or so years. So thi...