Search found 23 matches
- Thu Mar 28, 2024 9:23 am
- Forum: Canada / United States Tax & Accounting
- Topic: Claiming medical, disability by NR Canadian Selling Rental Property
- Replies: 0
- Views: 6
Claiming medical, disability by NR Canadian Selling Rental Property
Hi all, Can a NR Canadian living in U.S. claim any of medical expenses, disability, infirmity or caregiver amounts on a T1-NR or Section 216 return when reporting sale of rental property? These do appear to be selectable in the Ufile software but entered amounts do not seem to take any effect. Many ...
- Fri Mar 22, 2024 9:06 pm
- Forum: Canada / United States Tax & Accounting
- Topic: T1-NR for a Canadian selling Rental Property
- Replies: 4
- Views: 75
Re: T1-NR for a Canadian selling Rental Property
Thank you very much.
- Fri Mar 22, 2024 9:06 pm
- Forum: Canada / United States Tax & Accounting
- Topic: T1-NR for a Canadian selling Rental Property
- Replies: 4
- Views: 75
Re: T1-NR for a Canadian selling Rental Property
Thank you very much.
- Fri Mar 22, 2024 9:05 pm
- Forum: Canada / United States Tax & Accounting
- Topic: T1-NR for a Canadian selling Rental Property
- Replies: 4
- Views: 75
Re: T1-NR for a Canadian selling Rental Property
Thank you very much.
- Thu Mar 21, 2024 9:31 pm
- Forum: Canada / United States Tax & Accounting
- Topic: T1-NR for a Canadian selling Rental Property
- Replies: 4
- Views: 75
T1-NR for a Canadian selling Rental Property
Hi all, From 2 other posts my understanding is that when NR sells a rental property in Canada, in addition to T2062, T2062A, and a Section 216 return, NR should also file T1 as an NR to report capital gains/loss on the property (Section 116 return?). Is my understanding correct? Can anyone clarify: ...
- Sun Apr 13, 2014 5:26 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Reporting TFSA income in the US - reportable loss or not?
- Replies: 19
- Views: 7622
- Sat Apr 12, 2014 10:30 am
- Forum: Canada / United States Tax & Accounting
- Topic: Reporting TFSA income in the US - reportable loss or not?
- Replies: 19
- Views: 7622
The shares were bought in the initial offering, now it is hard to find a buyer. What a headache for so little value. This is what my wife says, this is my wife's account and I can't blame her for taking this approach. She wants to be a NR for 2013 in the US, if possible. She figured that as she went...
- Fri Apr 11, 2014 5:46 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Reporting TFSA income in the US - reportable loss or not?
- Replies: 19
- Views: 7622
- Fri Apr 11, 2014 5:03 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Reporting TFSA income in the US - reportable loss or not?
- Replies: 19
- Views: 7622
- Fri Apr 11, 2014 3:03 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Reporting TFSA income in the US - reportable loss or not?
- Replies: 19
- Views: 7622
- Fri Apr 11, 2014 1:08 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Calculating dual-status exemption for a non-resident spouse
- Replies: 155
- Views: 52400
I may be wrong in figuring form 2555. I am using TaxACT for 1040 and it is asking to enter number of qualifying days for my wife's wages exclusion, is this number of days in Canada in 2013 when she earned those? If I enter 166 as number of days it appears not to exclude all income, so it looks like ...
- Fri Apr 11, 2014 12:59 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Reporting TFSA income in the US - reportable loss or not?
- Replies: 19
- Views: 7622
- Fri Apr 11, 2014 10:25 am
- Forum: Canada / United States Tax & Accounting
- Topic: Dual-status
- Replies: 12
- Views: 5278
- Fri Apr 11, 2014 10:16 am
- Forum: Canada / United States Tax & Accounting
- Topic: Calculating dual-status exemption for a non-resident spouse
- Replies: 155
- Views: 52400
I appreciate your concern really. I will redo my federal MFJ/full-year resident to check for AMT. Just to confirm for this case, election to file full-year resident allows foreign income exclusion for my wife (for income she earned in Canada as Cdn resident)? Also, with your suggestion to file part-...
- Fri Apr 11, 2014 9:40 am
- Forum: Canada / United States Tax & Accounting
- Topic: Dual-status
- Replies: 12
- Views: 5278