Search found 105 matches
- Sat Apr 19, 2014 1:44 am
- Forum: Canada / United States Tax & Accounting
- Topic: US citizen in CA - list OAS & QPP on form 8938 ?
- Replies: 10
- Views: 6664
US citizen in CA - list OAS & QPP on form 8938 ?
US citizen resident in Canada. By treaty I do not have to report payouts from OAS & QPP on 1040. The form 8938 instructions indicate that I do not "have an interest" in a foreign asset if distributions from that asset are not required to be reported in my US tax return. I hope that mea...
- Thu Jun 07, 2012 9:23 pm
- Forum: Canada / United States Tax & Accounting
- Topic: T2062, Canadian in USA selling ex-principal-residence
- Replies: 20
- Views: 11750
- Mon Jun 04, 2012 2:30 am
- Forum: Canada / United States Tax & Accounting
- Topic: Need more help with 8938 part 2
- Replies: 53
- Views: 38218
- Mon Jun 04, 2012 1:34 am
- Forum: Canada / United States Tax & Accounting
- Topic: Need more help with 8938 part 2
- Replies: 53
- Views: 38218
- Mon Jun 04, 2012 1:01 am
- Forum: Canada / United States Tax & Accounting
- Topic: Need more help with 8938 part 2
- Replies: 53
- Views: 38218
backcountry -- Your reply to Patti regarding 8938 Part III line (g) is disconcerting, to say the least. But then maybe I failed to understand what kind of FTC you had in mind. (A) If line (g) were to refer to the Form-1116 FTC, this sounds like a real nightmare. Some people's investment income (poss...
- Mon Jun 04, 2012 12:03 am
- Forum: Canada / United States Tax & Accounting
- Topic: Need more help with 8938 part 2
- Replies: 53
- Views: 38218
- Sun Jun 03, 2012 11:53 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Need more help with 8938 part 2
- Replies: 53
- Views: 38218
- Fri Jun 01, 2012 5:30 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Need more help with 8938 part 2
- Replies: 53
- Views: 38218
@backcountry -- From the remarks below, you will think I'm arguing with you; I'm not. Your statement explaining what Turbotax does is convincing, so I have no quarrel with you whatsoever on this issue. My comments below are concerned with the fact that the IRS has been unnecessarily unclear as to ho...
- Thu May 31, 2012 11:03 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Need more help with 8938 part 2
- Replies: 53
- Views: 38218
@backcountry -- I understand your argument about using a single Part III on the 8938, and I'm certainly not arguing with you. As you may have read amongst this myriad of posts, on each Continuation Sheet I put Part I + Part III combined for each single account, and Part II + Part III combined for ea...
- Thu May 31, 2012 10:45 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Need more help with 8938 part 2
- Replies: 53
- Views: 38218
- Thu May 31, 2012 10:32 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Need more help with 8938 part 2
- Replies: 53
- Views: 38218
- Thu May 31, 2012 1:57 am
- Forum: Canada / United States Tax & Accounting
- Topic: Need more help with 8938 part 2
- Replies: 53
- Views: 38218
- Thu May 31, 2012 1:43 am
- Forum: Canada / United States Tax & Accounting
- Topic: Need more help with 8938 part 2
- Replies: 53
- Views: 38218
I understand what you're saying about the example on page 8, but that applies to shares not held in an account. My wife owns a small number of shares in a Canadian corporation. Those are non-account assets: she herself possesses the stock certificate, a fancy document issued by that Canadian corp. D...
- Wed May 30, 2012 10:51 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Need more help with 8938 part 2
- Replies: 53
- Views: 38218
You get a Canadian tax slip for the dividends distributed for these shares. Who issues that tax slip? If the tax slip is issued by the brokerage firm in Toronto, then you have an account (which happens to hold these shares), and you report that account in Part I (not in Part II), which means that al...
- Wed May 30, 2012 10:33 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Part 3 of 8938
- Replies: 6
- Views: 6084