1040 NR /Stock issues :(

[njdude26]

I was in the US for 10 years till end of 2006. Then i moved to Canada and been here since then.

Back in early 2001 i bought shares of sun microsystems. I sold them in Oct 2009. Now i have to file my taxes.

I changed my address with the online trader only in Feb'2010 :(

i have a couple of Qs regardng that

1. The online trader does not have the record for what date it was bought and at what price. they lost it ! so what cost basis do i use. I guess the date and use it or i calculate the basis based on when i moved to canada ( nov 2006?)

2. Do i need to include this in 1040 NR for the US or this needs to be included in only the Canadian taxes ? may be i need to file because i changed the address only in 2010 ? I assume i need to use Schedule D if im filing 1040 NR

i have another question about some IRAs that i sold which i will post another Question for that.

Thanks for all your help

[njdude26]

Based on other posts in the forums, trying to answer this myself :) someone please confirm if this is correct/wrong :(

[quote="njdude26"]I was in the US for 10 years till end of 2006. Then i moved to Canada and been here since then.

Back in early 2001 i bought shares of sun microsystems. I sold them in Oct 2009. Now i have to file my taxes.

I changed my address with the online trader only in Feb'2010 :(

[dude] THIS IS WRONG !!! TDAMERITRADE SHOULD HAVE TOLD ME TO CHANGE IT AND I ALSO SHOULD HAVE !!

i have a couple of Qs regardng that

1. The online trader does not have the record for what date it was bought and at what price. they lost it ! so what cost basis do i use. I guess the date and use it or i calculate the basis based on when i moved to canada ( nov 2006?)

[dude] This is irrelevant because the cost basis will be the date i moved to canada, the price on that day. But would i convert this to cdn$ based on nov'2006 price of USD-CAD or today's USD-CAD price ?

2. Do i need to include this in 1040 NR for the US or this needs to be included in only the Canadian taxes ? may be i need to file because i changed the address only in 2010 ? I assume i need to use Schedule D if im filing 1040 NR

[dude] No this should be included only on the CDN return.

i have another question about some IRAs that i sold which i will post another Question for that.

Thanks for all your help[/quote]

[njdude26]

Can someone please reply as i need to file this soon :(

[nelsona]

I don't appreciate bumping, bud.


Your shares are not taxable in US. They are only taxable in canada, based on teh price when you moved back to canada only.