Filing taxes in US on a TN-1 Visa

saraakn · Post by **saraakn** » Fri Mar 01, 2013 5:28 pm

Moved to California and started working April 2012. Still on Canadian income up until April 2012.

Do I file my US taxes first and then file for Canadian? Not sure the logistics in getting the foreign tax credit and if I need to do it in a certain order. What form do I need to fill out for the foreign tax credit and do I submit the foreign tax credit with my Canadian taxes after I filed my US taxes?

Thanks for your help.

nelsona · Post by **nelsona** » Fri Mar 01, 2013 5:33 pm

You should not have to report any US income on your Cdn return, since you left canada, file a departure return with departure date in April. So no foreign tax credit needed. Read the CRA Emigrants guide.

For US, you can exempt your Cdn wages when filing 1040 using form 2555.
Only cdn taxes paid on Cdn non-wages (interst, cap gains, etc) will require a foreign tax credit, on your US return

All your concerns have been answered dozens of times in this forum. Happy browsing.

bronxtm27 · Post by **bronxtm27** » Mon Mar 04, 2013 1:55 am

[quote="nelsona"]You should not have to report any US income on your Cdn return, since you left canada, file a departure return with departure date in April. So no foreign tax credit needed. Read the CRA Emigrants guide.

For US, you can exempt your Cdn wages when filing 1040 using form 2555.
Only cdn taxes paid on Cdn non-wages (interst, cap gains, etc) will require a foreign tax credit, on your US return

All your concerns have been answered dozens of times in this forum. Happy browsing.[/quote]

Thanks nelsona, I got the same problem and I am also confused on that issue. I am new to the forum so I will really browse about this topic. Cheers..