PressburgTax
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Hi,It seems like you will need to fill out Form 8865 to report your allocable share of the partnership income and deductions. In your case, the partnership woul...
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Since Canadian income tax is usually higher, usually claiming foreign tax credit gives you a better result. It is always safest to test both scenarios - this is...
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Foreign life insurance needs to be reported at minimum on your FinCEN114 and Form 8938. There are very steep penalties for not reporting this foreign account on...
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No, foreign currency exchange loss in this case would be a personal loss - so no deduction on your income tax return.
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Hi,Can you specify what treaty article are you referring to? What specific issue are you trying to resolve? More detail would be helpful.
Activity Feed for PressburgTax
- Got Cheered for Re: Hi, I own a share in a foreign partnership. The partnership itself holds one house. How do I report the income on my US tax return?. November 11, 2020 5:33 AM
- Got Cheered for Re: Should I take Foreign Earned Income and Exclusion or Foreign tax credit?. November 11, 2020 5:04 AM
- Got Cheered for Re: Hi, I own a share in a foreign partnership. The partnership itself holds one house. How do I report the income on my US tax return?. November 10, 2020 10:02 PM
- Posted Re: Hi, I own a share in a foreign partnership. The partnership itself holds one house. How do I report the income on my US tax return? on Business & farm. November 10, 2020 8:58 PM
- Posted Re: Should I take Foreign Earned Income and Exclusion or Foreign tax credit? on Deductions & credits. November 10, 2020 8:55 PM
- Posted Re: Taxation in US on Foreign life insurance on Investors & landlords. November 10, 2020 8:53 PM
- Posted Re: Foreign account depreciation due to exchange rate on Deductions & credits. November 10, 2020 8:48 PM
- Posted Re: US-Hungary tax treaty on State tax filing. November 10, 2020 8:46 PM