Generating NR4 Slips

[dazealex2]

In 2014, I filed only one NR6 (for myself but not my spouse), for the partial year. I was able to, however, file my S216 correctly because I spoke to CRA, and they let me file two S216s, both for myself and my wife (50/50 split).

For 2015, we did it correctly and filed two NR6's. I am getting ready to file my NR4/NR4SUM online in preparation for this year's taxes. Will be using Serbinski to file my taxes this year, as this firm seems to be at the forefront of knowing what they're doing -- and the goodwill they generate from this forum is, simply, an awesome service and makes anxiety prone folks like me sleep *much* better -- so my heart felt thanks goes to nelsona. I had Deloitte hired for me by the company I work for, and they made a mess of my taxes... I won't get into that.

Here's the question: For my NR4 filing, do I generate two NR4 slips or one? The split is 50/50 for me and my wife. I'm confused because on the NR4 slip, it gives you the option to specify two beneficiaries, however, only one field (box 13) to specify the Foreign SSN or Canadian SIN (have specified my US SSN in the past filing).

Thanks!

daze

[nelsona]

Thanks fr the compliment, but other than providing the site Serbinski does little to contribute to it.
Once a cross-border type does your taxes once, you should be able to handle it yourself, for minimal cost, not the 4-figure charge from a CPA.

[dazealex2]

Hi nelsona,

I'm just not sure how to report my rental property in the US. There is a CCA method applied, and I'm not sure if any of the tax packages can handle that. Do they?

Nonetheless, since this is the first year after cross border, I am going still erring on the side of caution and give Serbinski a go for my taxes this year. Especially, since my CDN Taxes are not yet done pending a "pre-assessment" notice I just received. What a rubbish job done by Deloitte folks.

Also, my question was specific to the NR4 slip preparation. Any ideas if I need two slips or one will suffice?

[nelsona]

All tax packages handle rental income, doesn't matter where the property is, the tax calculation, including depreciation, is the same.

You should be using your SIN number on all NR4s. Foreign IDs are only for those without a SIN.

I would prep 2.