Serbinski Accounting Firms

Ok that makes more sense. I interpreted what you said incorrectly.

Thanks very much for all your help with this!

John

Ok great, thanks!

One more small clarification if you wouldn’t mind and then I think I should be good. Back to the rental income for a second. Using the example I provided, the income number (as determined on my Canadian return) would be $12K. Which means I would also use $12K in the US when ...

Thank you!

If all my dividends are non-qualified I could just use the calculation I have outlined above to come up with US tax right ($1250)? Non-qualified are taxed like all other income. But, if I have qualified dividends, I would need to calculate them separately because they will be at a lower ...

I’m just about done my taxes, but I’m hung up on the foreign tax credits I can claim on my Canadian return. I’m a US citizen living in Canada and have both Canadian and US source income on each side.

I have US source Ordinary dividends and US source rental income that I need to take a credit ...