Receiving 1099-C as CDN resident

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szbjsh
Posts: 23
Joined: Fri Nov 13, 2020 12:04 pm

Receiving 1099-C as CDN resident

Post by szbjsh »

If one permanently moves back to Canada (CDN resident) and receives a 1099-C several years later due to debt forgiveness.
1) Will you need to include it as income for CRA ON CDN side?
2) Will you need to file 1040-NR on US side?

Thanks,
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nelsona
Posts: 18675
Joined: Wed Oct 27, 2004 2:33 pm
Location: Nowhere, man

Re: Receiving 1099-C as CDN resident

Post by nelsona »

since this is us-sourced income connected to a US business, it is reportable on 1040NR.
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
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