Search found 5 matches

by jakeaa
Mon Jul 11, 2016 2:04 pm
Forum: Canada / United States Tax & Accounting
Topic: Trouble with 1116
Replies: 15
Views: 9904

Thanks guys. Do you know if this form has to be completed one time, or every year? I assume I would just attach a copy with my 1040 after CRA approves it? Some of the questions seemed geared to individuals working in the US. "Name and address of the business where the worker will be working in ...
by jakeaa
Thu Jul 07, 2016 4:40 pm
Forum: Canada / United States Tax & Accounting
Topic: Trouble with 1116
Replies: 15
Views: 9904

Thanks guys this helps a lot. Yeah, looks like I dropped the ball on not using the 2555 form that year.

For line 57 self-employment tax, can I just write "exempt", or is there something more formal I need to do?
by jakeaa
Thu Jul 07, 2016 2:46 pm
Forum: Canada / United States Tax & Accounting
Topic: Trouble with 1116
Replies: 15
Views: 9904

Thanks! So is it safe to assume that 1a is normally line 37 of the 1040 then? I don’t have any US source income, so looks like 3a and 3d will be the same for me. I used to pay an accountant to do my taxes, but I’ve been trying it on my own for a few years now. One year my income was over the 255...
by jakeaa
Thu Jul 07, 2016 12:39 pm
Forum: Canada / United States Tax & Accounting
Topic: Trouble with 1116
Replies: 15
Views: 9904

Thanks! Yes I’m using Taxact online for free, but I was having trouble entering foreign income and just wanted to double check if I was doing this right. I had to switch from 2555 to 1116 a few years ago when my income was very high, and I was told that I can’t switch back to the 2555 for five y...
by jakeaa
Thu Jul 07, 2016 11:03 am
Forum: Canada / United States Tax & Accounting
Topic: Trouble with 1116
Replies: 15
Views: 9904

Trouble with 1116

I’m a US citizen living and working in Canada. I have self-employment contract income, employment income and I took my CPP early at age 60. For the US side on the 1116, what do I put on line 1a, 3d and 3e? It seems obvious that I add the employment income to all of these totals, but I’m not so s...