Search found 3 matches

by dave23100
Fri Mar 21, 2014 2:44 am
Forum: Canada / United States Tax & Accounting
Topic: TFSA Capital Gains on 3520a and 1040
Replies: 1
Views: 1891

TFSA Capital Gains on 3520a and 1040

I have capital gain on my TFSA that I must report on 3520a. (PartII).
On what line do I report those capital gains on my 1040? As they are long term cap gains, is there a different tax rate? Do I have to fill out Sched D?

Thanks! (I'm closing the TFSA ASAP:)
by dave23100
Mon Apr 22, 2013 9:38 pm
Forum: Canada / United States Tax & Accounting
Topic: CESG grants taxable by IRS?
Replies: 7
Views: 6671

Thanks for checking-- do you think the BDO checked that out with the IRS, or is that just their opinion?

Thanks
by dave23100
Thu Apr 18, 2013 2:27 pm
Forum: Canada / United States Tax & Accounting
Topic: CESG grants taxable by IRS?
Replies: 7
Views: 6671

CESG grants taxable by IRS?

Are the CESG grants that called income by the IRS, or not? If yes, it would be somewhat useless to have a RESP for my kids

Thanks