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March 30, 2025
Question

CAD taxes : Does filling my US taxes by an accountant last year (including FBAR for my savings account that generated money) qualify for carrying charges ?

  • March 30, 2025
  • 1 reply
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    1 reply

    TurboTaxSusan
    April 1, 2025

    Yes, but only if all of the following are true:
    - you had income from business or property (includes income from securities),
    - you didn't already use the cost to reduce your business or property income
    - keeping accounting records was a usual part of your business or property operations