I am a US citizen and considering investing in a Canadian LP that is doing investments in Mexico and the USA. What are the tax implications of future distributions?

�

ANSWER

Expert Mark Anderson's Answer:

You will be taxed in Canada and the US on income. However, you do get a tax credit on your us income taxes for foreign taxes paid. I hope this answers your question.

Mark Anderson, JD

Montana

21 yrs experience

Currently /5 Stars.
1
2
3
4
5

110 Ans.

SEARCH QUESTIONS

Tax Question?

Get Expert answers to your tax and finance questions.

Tax Deductions

Will A Roth IRA Conversion Trigger Self Emplolyment Tax?

My Employer Just Said That My 2008 W-2 Form Is Wrong!

More Dollars Going To New York Sales Tax.

Entries published weekly
on the BIDaWIZ Blog

Learn More

ABOUT SSL CERTIFICATES

The BIDaWIZ experts specialize in:

We do not offer or provide any investment advice or services or opinion regarding the nature, potential, value, suitability or profitability of any particular security, portfolio of securities, transaction or investment strategy.

Copyright © 2024 BIDaWIZ, Inc. Privacy Policy | Terms & Conditions

Personal Tax

Investments

QUESTION DETAIL

I am a US citizen and considering investing in a Canadian LP that is doing investments in Mexico and the USA. What are the tax implications of future distributions?

�

Mark Anderson, JD

Accounting

Business Tax

Personal Tax

Business Finance

Personal Finance

Personal Tax

Investments

QUESTION DETAIL

I am a US citizen and considering investing in a Canadian LP that is doing investments in Mexico and the USA. What are the tax implications of future distributions? �

Mark Anderson, JD

Accounting

Business Tax

Personal Tax

Business Finance

Personal Finance

I am a US citizen and considering investing in a Canadian LP that is doing investments in Mexico and the USA. What are the tax implications of future distributions?

�