Wash-sale rules when departing US/returning to Canada

This is our main tax information forum which deals with topics concerning Canadians living and working in the U.S., U.S. citizens contemplating working in Canada, and all aspects of Canadian and U.S. income tax and related adminstrative issues.

Moderator: Mark T Serbinski CA CPA

Post Reply
Naveg
Posts: 10
Joined: Wed Mar 21, 2012 7:19 pm

Wash-sale rules when departing US/returning to Canada

Post by Naveg »

I will be filing a full year 1040 in US for 2015, and returning to Canada in early January.

Due to Canada's deemed re-acquisition on my return, I would like to capture some unrealized losses in 2015, before moving.

Would either US wash sale or Canadian superficial loss rules apply if I sell shares when US resident and repurchase when Canadian resident, if the time between the transactions is less than 30 days?

Thanks!
Top
Post Reply

Return to “Canada / United States Tax & Accounting”