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March 31, 2024
Question

Appropriate forms for reporting Canadian TFSA interest

  • March 31, 2024
  • 0 replies
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I am a Canadian citizen, but US resident for tax purposes. I maintain a Canadian TFSA. I did not make any contributions in 2023 nor withdrew any funds, but earned interest. My holdings in my Canadian accounts (including TFSA, RRSP, chequing, and savings) total more than 10,000 USD but less than 50,000 USD. Besides filling out a 1099-INT form on Turbotax and reporting my accounts on FBAR, are there any other forms I need to file to report my TFSA interest earnings?

 

Thanks in advance