Hi,
I purchased a house in Canada in 2021 while I was still living in the US. For this I took a loan from a Canadian bank and transferred USD funds to my Canadian bank account for the down payment. As a part of our purchase agreement, the sellers lived in the house until January 2, 2022 (free rent back, I did not receive any money from them). I moved to Canada in January 2022 and began to occupy the house as my primary residence and sold my U.S. primary residence shortly after. For 2021, do any of this things necessitate tax reporting?
- Transferring cash over 10k to Canada
-Loan from a Canadian institution
-Mortgage payments made in 2021 (both principle and interest)
-Ownership of foreign real estate
thank you!
