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
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I am a dual citizen (US/Canada) living in Vancouver. Last year I bought a condo that is part of a coop. That means I own shares in the coop that give me the right to occupy my unit. The coop is listed as a limited partnership that owns the building where my condo is. Do I have to report this to the IRS? And if so what form should I use ? The condo is now my primary residence. The cost of the units shares was over 10% of the accessed value of the whole building.