Search found 9 matches
- Fri Jan 26, 2018 1:33 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Software suggestions for 1040, form 2555 & possible 1116
- Replies: 18
- Views: 12498
- Mon Jan 22, 2018 8:34 am
- Forum: Canada / United States Tax & Accounting
- Topic: How to Calculate Taxes Paid Amount for 1116
- Replies: 9
- Views: 4435
- Sun Jan 21, 2018 10:32 am
- Forum: Canada / United States Tax & Accounting
- Topic: How to Calculate Taxes Paid Amount for 1116
- Replies: 9
- Views: 4435
- Sat Jan 20, 2018 11:20 am
- Forum: Canada / United States Tax & Accounting
- Topic: How to Calculate Taxes Paid Amount for 1116
- Replies: 9
- Views: 4435
Thank you! If I meet the requirements to exclude the gain according to https://www.irs.gov/publications/p523#e ... nk10008937 then the fact that it was a Canadian property has no bearing right? I would still be exempt from tax on the gain?
- Sat Jan 20, 2018 8:06 am
- Forum: Canada / United States Tax & Accounting
- Topic: How to Calculate Taxes Paid Amount for 1116
- Replies: 9
- Views: 4435
How to Calculate Taxes Paid Amount for 1116
I have moved back to Canada in Sept 2017. I will be filing an FTC using 1116 for my IRS return since I will not qualify for 2555 under the 330 day rule by Sept 2018 due to travel. My question is what amount do I use as the foreign taxes paid amount for my wages? My income reported on my Canadian ret...
- Wed Feb 08, 2017 10:23 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Sale of Home in Canada
- Replies: 2
- Views: 1583
- Tue Feb 07, 2017 11:36 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Sale of Home in Canada
- Replies: 2
- Views: 1583
Sale of Home in Canada
I'm a Canadian living and working in the USA under TN status. I am now considered a deemed non-resident of Canada even though I still have significant residential ties to Canada. My spouse still lives in Canada in the principal residence we bought jointly in 2012 before I moved down to the USA in 20...
- Sat Jan 21, 2017 11:51 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Bonus Paid in 2016 from Canadian Employment in 2015
- Replies: 2
- Views: 1550
- Sat Jan 21, 2017 4:02 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Bonus Paid in 2016 from Canadian Employment in 2015
- Replies: 2
- Views: 1550
Bonus Paid in 2016 from Canadian Employment in 2015
I have been living and working in the USA since 2015 under TN status. Since mid-2015 I have been filing US taxes as a resident alien and have been a non-resident in Canada for tax purposes since moving to the USA in mid-2015. I worked in Canada for the first half of 2015 and received a bonus resulti...