Search found 6 matches

by wms73
Wed Mar 30, 2016 4:11 pm
Forum: Canada / United States Tax & Accounting
Topic: Schedule K-1 (Form 1065) - what to do?
Replies: 14
Views: 20165

Thanks again. I think I didn't see that!

This has me more relieved.....because Canadian brokerages are responsible for issuing T5013s, then I deal with this using the T5013, using my Canadian tax return, and NOT the K-1 Brookfield is obliged to send me.

Thanks again...
:)
by wms73
Wed Mar 30, 2016 12:51 pm
Forum: Canada / United States Tax & Accounting
Topic: Schedule K-1 (Form 1065) - what to do?
Replies: 14
Views: 20165

Yes, likely, but I still don't understand the implications. Sorry :( Meaning, if these Brookfield assets are kept in registered accounts, hopefully nothing for me to do with the IRS - ever. That's the clarification I need. I need to know if I can ignore any K-1 Forms from Brookfield because I hold B...
by wms73
Wed Mar 30, 2016 12:32 pm
Forum: Canada / United States Tax & Accounting
Topic: Schedule K-1 (Form 1065) - what to do?
Replies: 14
Views: 20165

Thanks for your help. I will hopefully get things confirmed with a tax expert.
by wms73
Wed Mar 30, 2016 10:55 am
Forum: Canada / United States Tax & Accounting
Topic: Schedule K-1 (Form 1065) - what to do?
Replies: 14
Views: 20165

Thanks very much for the reply...this is great. So, just so I have this straight (since I cannot be the only BIP shareholder!).... 1) T1135 is a Cdn REPORTING mechanism. But, as per the link I sent and my understanding from BIP's site: For the purpose of reporting foreign property by Canadian invest...
by wms73
Wed Mar 30, 2016 9:34 am
Forum: Canada / United States Tax & Accounting
Topic: Schedule K-1 (Form 1065) - what to do?
Replies: 14
Views: 20165

Thanks for the reply. Here are more details.... 1. I hold BIP in my US RRSP. I didn't think I needed to file a U.S. tax return to the IRS because in Canada, BIP is in a registered account (RRSP). U.S. stocks or U.S. MLPs in a registered account avoid withholding taxes AND are not subject to Foreign ...
by wms73
Tue Mar 29, 2016 6:32 pm
Forum: Canada / United States Tax & Accounting
Topic: Schedule K-1 (Form 1065) - what to do?
Replies: 14
Views: 20165

Schedule K-1 (Form 1065) - what to do?

Hello, I hope members of the forum can help me!! I just got notices in the mail from a couple of Brookfield (BPY and BIP) companies. They are Schedule K-1 (Form 1065). What do I need to do with these Forms? Confused... 1. I keep these companies in my US $$ TFSA and US $$ RRSP. If I kept these in a t...