amitm21
Returning Member

Business & farm

Hello!  

 

Thank you for the prompt reply!  I'm very happy to see your message. I'm sorry, you're correct on both counts it was my oversight.  It is a USLLP 99% and a US C-Corp at 1% (So 2 new US tax returns). It is for my wife who is a US citizen, so I'm not involved I was only speaking on behalf of her to get the US perspective : )  

 

Does this help and make the picture clearer now?  Is it possible now to "rollover the assets" (which is just the investments) into her new business?  They are the same investment shares before and after.  The US returns would be then be straightforward to file on TT, except if there's any form or election to file.

 

Kindly.