Search found 9 matches

by Protazoid
Thu Jan 31, 2019 6:22 pm
Forum: Canada / United States Tax & Accounting
Topic: Non-Resident Spouse Article XV(1)
Replies: 2
Views: 1194

Non-Resident Spouse Article XV(1)

Hello, For context the situation is basically what I asked last year: https://forums.serbinski.com/viewtopic.php?t=12521 But instead of using form 2225 I would file with treaty rights under section XV(1): Subject to the provisions of Articles XVIII (Pensions and Annuities) and XIX (Government Servic...
by Protazoid
Mon Mar 05, 2018 12:32 am
Forum: Canada / United States Tax & Accounting
Topic: CDN Greencard Holder & CDN Citizen Marriage 2017
Replies: 5
Views: 2289

I live in Texas. She still lives in Canada while we wait for immigration to go through. I haven’t moved. I know we can file jointly, but I wasn’t sure if she would be entitled to the foreign income exclusion as a non-citizen without claiming treaty benefits. It would be preferable to exclude inc...
by Protazoid
Sun Mar 04, 2018 11:14 pm
Forum: Canada / United States Tax & Accounting
Topic: CDN Greencard Holder & CDN Citizen Marriage 2017
Replies: 5
Views: 2289

Did some more research, I think we would need to attach form 8833 and say we are using section XXV of US Canada tax treaty.

Basically we just need to explain it allows us to treat spouse 2 as if she were a us citizen for taxation purposes.
by Protazoid
Sun Mar 04, 2018 10:48 pm
Forum: Canada / United States Tax & Accounting
Topic: CDN Greencard Holder & CDN Citizen Marriage 2017
Replies: 5
Views: 2289

Did some more research, I think we would need to attach form 8833 and say we are using section XXV of US Canada tax treaty.

Basically we just need to explain it allows us to treat spouse 2 as if she were a us citizen for taxation purposes.
by Protazoid
Sun Mar 04, 2018 9:56 pm
Forum: Canada / United States Tax & Accounting
Topic: CDN Greencard Holder & CDN Citizen Marriage 2017
Replies: 5
Views: 2289

CDN Greencard Holder & CDN Citizen Marriage 2017

Hello, I have reviewed some topics on this forum and want to clarify if this tax strategy is viable. Situation: *Spouse 1: US Resident since 11/2012, CDN citizen with green card *Spouse 2: CDN Resident and citizen, no SSN/ITIN, has significant education tax credits (No tax payable this year) *Maried...
by Protazoid
Fri Oct 03, 2014 1:32 pm
Forum: Canada / United States Tax & Accounting
Topic: 8891 & RRSP Loss Post Defferal
Replies: 5
Views: 2725

Thanks again.

The cost basis would be contributions plus realized gains correct?

Unrealized gains would be excluded?
by Protazoid
Wed Oct 01, 2014 9:16 pm
Forum: Canada / United States Tax & Accounting
Topic: 8891 & RRSP Loss Post Defferal
Replies: 5
Views: 2725

Thanks.

What was very helpful.

I elected to file as dual status last year, and didn't make any contributions after my arrival in the USA.

That makes the math easy.

So my gain (loss) would be:
Value in USD on day of withdrawal - Value in USD on day I entered USA
by Protazoid
Wed Oct 01, 2014 7:21 am
Forum: Canada / United States Tax & Accounting
Topic: 8891 & RRSP Loss Post Defferal
Replies: 5
Views: 2725

8891 & RRSP Loss Post Defferal

Hello, Have several questions on how to properly report RRSP income from tax form NR4 as resident alien in US on greencard. Moved to USA in Nov 2012. On 2012 tax return filed 8891 with balance of $18 873 ($USD) at end of year. Exchange rate was year end of roughly 1-1. In 2013 I cashed out my RRSP, ...