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New Member
posted Mar 30, 2025 2:41:21 PM

CAD taxes : Does filling my US taxes by an accountant last year (including FBAR for my savings account that generated money) qualify for carrying charges ?

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1 Replies
Moderator
Apr 1, 2025 11:42:32 AM

Yes, but only if all of the following are true:
- you had income from business or property (includes income from securities),
- you didn't already use the cost to reduce your business or property income
- keeping accounting records was a usual part of your business or property operations