usc living in canada

jalways747 · Post by **jalways747** » Sat May 26, 2012 4:05 am

appreciate briefly info on usc living in canada. how will the following be taxed :

us source rental + dividend income ?

canada source rental income ?

which form needs be filed first us or can

Thank you

nelsona · Post by **nelsona** » Sat May 26, 2012 8:55 am

since you said "briefly"

They are all reported on your 1040 for IRS and your T1 for canada.

jalways747 · Post by **jalways747** » Sat May 26, 2012 6:06 pm

i did not mean that brief, please can you expand it somewhat

nelsona · Post by **nelsona** » Sun May 27, 2012 6:18 am

Perhaps someome else will.

qweryt · Post by **qweryt** » Sun May 27, 2012 3:21 pm

File T1 reporting US & Canada rental & US dividend incomes.

File 1040 reporting all three of them as well. Use form 1116 to get credit on taxes paid for Canada sourced income.

jalways747 · Post by **jalways747** » Sun May 27, 2012 9:43 pm

so i will file T1 first, then 1040 ?

qweryt · Post by **qweryt** » Mon May 28, 2012 1:25 am

nelsona · Post by **nelsona** » Mon May 28, 2012 9:23 am

The order of filing doesn't matter.

jalways747 · Post by **jalways747** » Mon May 28, 2012 11:12 pm

i thought order of filing matters because you have to claim tax credit !

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usc living in canada

usc living in canada

sorry

thanks

thanks