Serbinski Accounting Firms

I found out it has nothing to do with the NBCN acquisition, but they stopped sending out 1099's because of FATCA. Looks like I have to do it manually from here on out. I knew the 1099Bs were not reliable at all, and looking back, I don't think the 1099-DIVs were either...

After TD Waterhouse was bought by NBCN, we found out we will no longer be receiving 1099s for our investments. Anyway I have the Canadian forms, but I'm not sure how to use it for my US taxes. I have:
(3) Total Gross Foreign Income
(5) Total Gross Income from Foreign sources
(6) Total Foreign tax ...

We have an investment account that has both a US and Canadian sub accounts for trading on both markets. Since we are in the US, the Canadian assets are slowly being sold and transferred to the US account. However we get hit with fees to convert the currency from CND to USD and move it between the ...

yes US taxes. They put the stock match on the W-2, which was essentially a cash payout and not stock at all The funds were wired from Sweden, yet taxes were withheld from it, not sure how that worked. There is still the capital loss from what I paid in, which I suppose I can only guess what exchange ...

I'm trying to figure out how to claim my capital gains for stocks I purchased and had matched through work. I had "purchased" 25 shares of company stock which is on the Swedish exchange. After being terminated, the company matched my stocks, giving me another 25 and cashing out the value and ...

I have no idea what a 3350 form is...nor does the IRS.

Wow...boy does the IRS need some overhauls...just as I thought I figured this out I see more and more forms.
So
8891 for RSPs
8938 for Investments (not TSFA because its under $50k and no interest was added between the day she became a resident ...

1) My wife had a 5 Year Stepper GIC TFSA. From what I understand, she received the interest once a year. She moved from Canada after her 2013 interest was received, and the 5th year was paid out this year. Does this need to be reported on 2013 taxes since she moved after the interest was acquired ...

Thanks again for the advice so far. I have the Canadian side finished. I used Turbotax, put all the capital gains/losses on schedule 3 including the deemed dispositions, then duplicated the deemed dispositions on the T1243 and printed everything out to be mailed together. I was expecting TurboTax to ...

Thank you. I think I can handle the departure taxes. I started working on the US side but most of the purchase prices on the capital gains in USD are $0. Only the ones marked as reported to the IRS have a value. I'm guessing I need to go through and do the currency conversion for each purchase from ...

Now I'm confused. According to http://www.cra-arc.gc.ca/tx/nnrsdnts/ndvdls/lvng-eng.html


[quote]After you leave Canada, you are a non-resident for income tax purposes provided you have severed your residential ties with Canada. As a non-resident, you pay tax on[b] income you receive from sources ...

I think this is starting to make a little more sense. :shock: There are 2 sets of accounts that we got forms for. The first set comes with a Schedule of Capital Gains/Losses, T5s, and T5008. It appears to have been closed out in June. The second set of accounts go from June to the end of the year ...

From what I am reading, we fill out the 2013 taxes with a T1243 form for Deemed Dispositions. Your suggestion sounds like this is a separate tax return. Or are you suggesting that filling the T1243 out may eliminate any capital losses and thus part of my question?

It was not a surprise move. We ...

My wife moved to the US in April 2013. This will be my first of many questions :D

She has stocks through a Canadian investment management firm. Roughly half are in Canadian funds, half in US funds. This was setup around February of last year.

We received 1099-INT and 1099-DIV for both the ...