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How do I report the taxes paid in the USA on a capital gain which was not a gain in Canada?
US expat sold house in USA and incurred gain ..taxed $4000 on it in the USA. The cost base was the value when I moved to Canada (13 yrs) ... and the gain the difference between value when I moved and sale value. I spent $$$ finishing the house off .. in excess of what the gains in Canada were ... so, it appears I have a loss in Canada now.
How does a person report these taxes paid in the USA?
The house was a personal use property so my understanding is that NO credits can be carried over??
thanks
How does a person report these taxes paid in the USA?
The house was a personal use property so my understanding is that NO credits can be carried over??
thanks
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‎October 30, 2019
7:59 PM