Hi there,
I have a friend who moved from the US to Canada. She has a trust and is the trustee, so CRA says the trust is a resident of Canada and she must file a T3.
Does this mean the trust has now become "foreign" for US tax purposes, and she has to file a 3520 for that trust, even though it was created in the US?
Thanks for any thoughts...
US revocable intervivos trust resident in Canada
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