Hi all, could you pls help me answer this question
Here is the scenario
1) I did not work in Canada in 2013 but received one paycheck in 2013 from my previous canadian employer for work done in 2012
2) I moved with my family to US to work in Jan 2013. The house was vacant all the time since moved to US in Jan 2013 and sold my house in Canada in May 2013.
3) Me and my spouse are canadian citizens
My questions:
1) should I deduct my moving expenses in US tax returns or Canadian
2)would I be able to deduct the expenses for selling the house (real estate commission, lawyer fees etc) with US or Canadian tax returns?
deducting real estate commission for moving under TN
Moderator: Mark T Serbinski CA CPA
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- Posts: 4
- Joined: Fri Jul 19, 2013 10:39 pm
You cannot claim any moving expenses on your Cdn return for either moving to or frm Canada.
2. No since this was your principle residence, and was never a rental unit.
You owe no tax in either country on the sale, so there would be no point in reducing teh cap gains on the sale.
2. No since this was your principle residence, and was never a rental unit.
You owe no tax in either country on the sale, so there would be no point in reducing teh cap gains on the sale.
After 20 years, I am severely cutting back on responses. Do not ask specifically for my help. There are a few others on this board that can answer most questions. All the best