I came across an interesting article from the Montreal Gazette which covers a couple of interesting issues, and one of keen interest to Canadians as to whether to declare a vacation home in Florida, and if not, what the consequences are.
Did you know that you are required to report it to the IRS on a form 1040 and as well to the CRA, and that it is a credit on the Canadian side?
Read on!
Tax Strategy: Rental income from U.S. must be reported.
Related articles
- Preparing Your IRS Tax Form 1040 (slideshare.net)
