About janisbossenberry

Level 7

Latest badges earned

Member profile

About janisbossenberry

Retired - experienced in US and Canadian personal tax returns

Replies
Posts

Re: Confused about primary residence exemption

They can claim it as a principal residence if they did stay in it regular, as you stated. When they eventually sell the other residence, they principal residenc...

janisbossenberry

Updated Apr 15, 2024
Re: Employment expenses for salaried

If a vehicle allowance is included in income, then it means it is an "unreasonable" amount and thus is taxable. Since it is taxable, yes, he can deducted employ...

janisbossenberry

Updated Apr 15, 2024
Re: How do I report USA 1099R in profile for a Canadain?

Foreign income gets reported on the "Foreign income" screen. Make sure you enter the currency so that it gets converted to Canadian $$. There are lines for diff...

janisbossenberry

Updated Apr 08, 2024
Re: TRANSFER UNDER SECTION 60LV

You should also have a T4RSP slip showing the income. Depending upon the situation, it gets entered as income on the T4RSP under box 18, a transfer to RRSP in B...

janisbossenberry

Updated Apr 11, 2024
Re: Exemption to alternative minimum tax

I have never heard of an exemption in this case. If the property had to be split, the spousal rollover rules could have been used rather than a sale? On the plu...

janisbossenberry

1

Updated Apr 15, 2024

Membership stats

Quick links

Need to get in touch?