Thank you for the prompt reply.
Danielle
Search found 11 matches
- Thu Jan 06, 2022 10:46 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Questions re Form 3520 Part IV
- Replies: 2
- Views: 789
- Thu Jan 06, 2022 10:06 am
- Forum: Canada / United States Tax & Accounting
- Topic: Questions re Form 3520 Part IV
- Replies: 2
- Views: 789
Questions re Form 3520 Part IV
Received a Canadian bank estate check. Deposited in my US checking account. 1. OK to use multiple lines in part IV to enter details for one transaction? 2. For date should I entered the date the Canadian check was issued or the date my US bank foreign check collection dept completed processing and d...
- Tue Feb 16, 2021 11:46 am
- Forum: Canada / United States Tax & Accounting
- Topic: Reporting CERB on Form 1040? Form? Line?
- Replies: 2
- Views: 1368
Re: Reporting CERB on Form 1040? Form? Line?
I am thinking "Schedule 1, line 8, Other Income." makes sense for the CERB entry, but I am not absolutely sure. Turbo tax gives me enough space to enter a full description. e.g. "Canada Emergency Response Benefit (CERB)"
- Tue Feb 16, 2021 9:10 am
- Forum: Canada / United States Tax & Accounting
- Topic: Reporting CERB on Form 1040? Form? Line?
- Replies: 2
- Views: 1368
Reporting CERB on Form 1040? Form? Line?
I am a Canadian senior, USA permanent resident. I received the senior one time CERB payment ($300 Canadian) in 2020. (I add CPP and OAS to my social security retirement income). Can anyone tell me what 1040-SR related forms, line number, should be used to report the CERB payment?
- Sat Sep 22, 2018 11:21 am
- Forum: Canada / United States Tax & Accounting
- Topic: CPP in USA, Currency IRS
- Replies: 1
- Views: 1079
CPP in USA, Currency IRS
I am a Canadian citizen, US permanent resident. I just started receiving CPP. The 1st check came in USD. The 2nd check came in CDN$. I anticipate that eventually I will receive these in USD, with direct deposit. I will call Canada Service before cashing that CDN$ check. Anyone know what numbers get ...
- Tue Oct 03, 2017 2:26 pm
- Forum: Canada / United States Tax & Accounting
- Topic: 401k Periodic Pension Payments 15%
- Replies: 2
- Views: 2294
- Tue Oct 03, 2017 8:46 am
- Forum: Canada / United States Tax & Accounting
- Topic: 401k Periodic Pension Payments 15%
- Replies: 2
- Views: 2294
401k Periodic Pension Payments 15%
I am still in the USA. I expect there will be a day when I will want to return to Canada and turn in my green card. I have no family members in the USA. I expect I would keep my 401K with my former employer. (a large conglomerate) At age 70 1/2 the plan states you have to start taking RMDs or go on ...
- Thu Jan 19, 2017 9:41 am
- Forum: Canada / United States Tax & Accounting
- Topic: Canadian Estate - Executor in will lives in USA
- Replies: 2
- Views: 2096
- Sun Jan 15, 2017 5:15 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Canadian Estate - Executor in will lives in USA
- Replies: 2
- Views: 2096
Canadian Estate - Executor in will lives in USA
My mother past last year. My father is still alive living at home alone with the cat at age 97 in Canada. I understand the estate will be simple in that the assets are limited to the house (approx $400K CDN) and bank accounts (approx $50K CDN). There is no debt. I have seen the will and I am named a...
- Fri Jan 13, 2017 11:28 am
- Forum: Canada / United States Tax & Accounting
- Topic: USA Retirement Income Canada Tax foreign tax credit
- Replies: 3
- Views: 2705
- Fri Jan 13, 2017 10:06 am
- Forum: Canada / United States Tax & Accounting
- Topic: USA Retirement Income Canada Tax foreign tax credit
- Replies: 3
- Views: 2705
USA Retirement Income Canada Tax foreign tax credit
I am a retired Canadian citizen living in Connecticut. After 30 years for family reasons I am considering a return to Canada. Hence I have been looking at some tax scenarios, based on me returning to Canada, (and returning my green card). I am single with no other family members in the USA. The ques...