Reporting capital gains in TFSA

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
lkwan32
Posts: 1
Joined: Tue Apr 02, 2024 11:30 am

Reporting capital gains in TFSA

Post by lkwan32 »

This year, I liquidated and closed my TFSA. Do I need to report these on my Form 1040?

I moved to the US in July 2022.

I've read online that the capital gains are taxable. And so I'm filling out the Stocks and Investments sold section (1099-B). Does anyone know if the "Date acquired" is from the historical date that we acquired the investments, or from the date that we became a non-resident of Canada?
Top
nelsona
Posts: 18366
Joined: Wed Oct 27, 2004 2:33 pm
Location: Nowhere, man

Re: Reporting capital gains in TFSA

Post by nelsona »

The date acquired.
nelsona non grata. Non pro. Please Search previous posts, no situation is unique as you might think. Happy Browsing :D
Top
Post Reply

Return to “Canada / United States Tax & Accounting”