Capital losses and gains on Arizona property
Posted date : May 11, 2022
We bought a personal use home in Goodyear in 2007 and sold it at a capital loss in 2015. We had no U.S.-based income, so did not file a U.S. income tax return. …
Read more...Posted date : May 11, 2022
We bought a personal use home in Goodyear in 2007 and sold it at a capital loss in 2015. We had no U.S.-based income, so did not file a U.S. income tax return. …
Read more...Posted date : Jul 23, 2021
I’m writing to find out what I’m missing, based on the below excerpt from the 2020 Form 8840. It specifically states on page 3, that: “… you will not be treated as a U.S. resident for 2020…
Read more...Posted date : Jun 17, 2021
U.S. Senators Marco Rubio (R-FL) and Rick Scott (R-FL) reintroduced the Canadian Snowbirds Act, legislation that would allow some Canadian citizens to spend up to eight months a year vacationing in the United States, two months longer than they are allowed to stay now.
Read more...Posted date : Jul 22, 2020
Having just returned from six months in the U.S., I undertook to, once again, fill in Form 8840. This year, I note that the I.R.S. is seeking, in question #13, whether or not I filed tax returns for 2019..
Read more...Posted date : Sep 20, 2019
U.S. Senators Marco Rubio and Rick Scott introduced the Canadian Snowbirds Act, legislation that would allow some Canadian citizens to spend up to eight months a year vacationing in the United States, two months longer than they are allowed to stay now.
Read more...Posted date : Aug 19, 2019
On February 4, 2011 the Canadian and U.S. governments issued a declaration known as Beyond the Border: A Shared Vision for Perimeter Security and Economic Competitiveness. The purpose of the program is to enhance security and increase the legitimate traffic of people, goods and services.
Read more...Posted date : Aug 9, 2019
In 2019, we rented our Florida/Jensen Beach condo out to Americans (for the first time) for the months of February/March through a Jensen Beach-based realty management company. Can we pay the tax on these U.S. rental earnings in Canada, or must we pay it to the IRS?
Read more...Posted date : May 30, 2019
What, if any, are the reporting requirements in both Canada and the U.S. when we sell our personal use condo in Florida. Our primary residence is in Canada. We purchased the condo in 2012 for about US$87,000. While the condo has appreciated, the sale price would be less than US$200,000. The section in the CSA […]
Read more...Posted date : Dec 15, 2017
I have faithfully submitted my IRS 8840 Form for quite a few years now. My question is, can I stay past the 182-day limit by filling out the form? Or am I not protected by the friendly country alliance after the 182 days is up? Alex B. Victoria, BC Response: Ed.: Congratulations on regularly completing […]
Read more...Posted date : Dec 15, 2017
Many in the snowbird community must be thinking about the use of medical marijuana. Please give us guidelines concerning Medipac and U.S. border regulations. James Butler Oakville, ON Response: Ed.: A great and timely question. DO NOT try to take marijuana into the United States, or anywhere else for that matter. Many countries have severe […]
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