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?

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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.
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110 Ans.

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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?

�