CC form 8840 line 29

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.

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moi
Posts: 39
Joined: Sat Aug 13, 2011 9:47 am

CC form 8840 line 29

Post by moi »

I need clarification on line 29, the instructions are not clear.
I live in Canada, but, I have an IRA in the US, which I have never taken funds from, yet.
I am living off my RRSP in Canada.
Do I report both?
Or only once I start withdrawals?
Thank you.
nelsona
Posts: 18311
Joined: Wed Oct 27, 2004 2:33 pm
Location: Nowhere, man

Re: CC form 8840 line 29

Post by nelsona »

This line is merely talking about WHERE your investments are. It has nothing to do with your income, or how you are using those investments, Your answer would be they are in BOTH the US and Canada.
nelsona non grata. Non pro. Please Search previous posts, no situation is unique as you might think. Happy Browsing :D
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