Search found 63 matches
- Wed Aug 28, 2019 7:12 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Withdraw funds from IRA to pay CDN capital gains on rental
- Replies: 3
- Views: 736
- Fri Aug 23, 2019 3:07 pm
- Forum: Canada / United States Tax & Accounting
- Topic: This is about Nelsona ..
- Replies: 5
- Views: 1310
Re: This is about Nelsona ..
Ditto - used his advice for many situations.
- Fri Aug 23, 2019 3:05 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Withdraw funds from IRA to pay CDN capital gains on rental
- Replies: 3
- Views: 736
Re: Withdraw funds from IRA to pay CDN capital gains on rental
Still hoping for an answer for this question. I realize that there's a way to take out money from a US IRA that one has, pay the tax in US, then apply that tax already paid in Canada for current year's income. However, I haven't be able to find out info on this site where the money made in Canada fo...
- Wed Jun 19, 2019 5:58 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Withdraw funds from IRA to pay CDN capital gains on rental
- Replies: 3
- Views: 736
Withdraw funds from IRA to pay CDN capital gains on rental
I am a CDN citizen / resident. Moved back from US last year, from many years working in the US as TN. I have a large-ish IRA in US. Once I'm past 59 1/2, If I wanted to 'move' money from my US IRA to my CDN RRSP, but with using capital gain on a rental property would this be okay? For example, if I ...
- Mon Sep 10, 2018 2:50 pm
- Forum: Canada / United States Tax & Accounting
- Topic: IRA periodic withdrawals and how it works in Canada
- Replies: 1
- Views: 503
IRA periodic withdrawals and how it works in Canada
I'm a Canadian citizen / US resident. This is a question for once I return to Canada and become a CDN resident / US non-resident. I understand that withdrawals from an IRA, after aged 59 1/2 would not be penalized 10% for early withdrawal I also understand that the institution could withhold 15% or ...
- Tue Aug 28, 2018 2:51 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Convert part of IRA to Roth-IRA before returning to Canada
- Replies: 1
- Views: 515
Convert part of IRA to Roth-IRA before returning to Canada
As a Canadian / US resident, I've researched what to do with my IRA before returning to Canada and becoming US non-resident on this forum. One option mentioned is to convert some of your IRA to a Roth-IRA first, then become NR of US and go from there. However, if I look at the rules when creating a ...
- Sun Apr 10, 2016 7:07 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Can I reuse car I bought from my LLC in business?
- Replies: 1
- Views: 932
Can I reuse car I bought from my LLC in business?
At the end of 2014, since I had depreciated my car in my LLC over 5 years, and had no depreciation left, I bought the car myself for the FMV. In 2015, I used this same car for business and pleasure use. The 2015 tax forms have to show the car I'm using to write off the expenses on it (but no depreci...
- Wed Oct 03, 2007 3:52 pm
- Forum: Canada / United States Tax & Accounting
- Topic: US Resident - US credit for Can gov't rental withholding
- Replies: 2
- Views: 2285
- Sun Sep 30, 2007 1:09 pm
- Forum: Canada / United States Tax & Accounting
- Topic: US Resident - US credit for Can gov't rental withholding
- Replies: 2
- Views: 2285
US Resident - US credit for Can gov't rental withholding
Hey there - US Resident / Can citizen. In 2006 my property manager for rentals props I have in Canada merged with another. So new prop manager company withheld 25% for some of the months of rental - as needed a new filing and this took a few months. Anyway, the totoal withheld and remitted to gov't ...
- Mon Oct 09, 2006 10:20 am
- Forum: Canada / United States Tax & Accounting
- Topic: Where to send late 8891 form?
- Replies: 7
- Views: 4288
- Wed Oct 04, 2006 9:38 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Where to send late 8891 form?
- Replies: 7
- Views: 4288
- Wed Oct 04, 2006 10:10 am
- Forum: Canada / United States Tax & Accounting
- Topic: Where to send late 8891 form?
- Replies: 7
- Views: 4288
- Tue Oct 03, 2006 10:47 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Where to send late 8891 form?
- Replies: 7
- Views: 4288
Where to send late 8891 form?
I have to send in my 2004 and 2005 8891 forms. My 2005 taxes will be filed in a couple of days and I know I attach the 2005 8891 form with the 1040, but I don't know where to send the 2004 8891.
Can anyone help with this?
Thanks in advance.
Can anyone help with this?
Thanks in advance.
- Thu Aug 17, 2006 1:01 pm
- Forum: Canada / United States Tax & Accounting
- Topic: 3520 (2003) form ... again ...
- Replies: 0
- Views: 1442
3520 (2003) form ... again ...
Well I thought my accountant had put in the form, but they haven't yet as there's 2 things that's giving them grief. 1. They want me to fill in trivial answers in Part 1 (I had left them blank) such as 6a/b/c, 11a - no, 13 - no. I had not filled in those answers as I see in the instructions that Par...
- Mon Jun 26, 2006 3:56 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Investment suggestions for IRA once back in Canada
- Replies: 20
- Views: 9756