US Non Resident, California Resident, Reporting Earnings from Investments

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harley90
Posts: 3
Joined: Fri Feb 15, 2019 1:01 am

US Non Resident, California Resident, Reporting Earnings from Investments

Post by harley90 » Fri Feb 22, 2019 12:37 am

Hoping someone can help with a query I have here! Moved from Canada to California in November 2018...

For 2018 in the US (federal return) i'll be a non-resident, however for California I will be a resident. I know that California treats my RRSP as a savings account, so for those two months I'll have to report any increase in value (it actually lost money from Nov - Dec), but what about my Personal investment account? TFSA? Do I have to report earnings (or losses) for that on my state return as well?

I'm thinking of not even mentioning them, as they lost money over that 2 month period (and the tax break would be minimal), but will definitely report for 2019.

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