If one permanently moves back to Canada (CDN resident) and receives a 1099-C several years later due to debt forgiveness.
1) Will you need to include it as income for CRA ON CDN side?
2) Will you need to file 1040-NR on US side?
Thanks,
Receiving 1099-C as CDN resident
Moderator: Mark T Serbinski CA CPA
Re: Receiving 1099-C as CDN resident
since this is us-sourced income connected to a US business, it is reportable on 1040NR.
nelsona non grata. Non pro. Please Search previous posts, no situation is unique as you might think. Happy Browsing