I have a client (trust) who sold an investment in a Canadian based company. The client uses a transfer agent in the US. The client received a 1099 to report the transaction on their US trust return. Additionally they received from Canada department of revenue form T5008 reporting the details of the transaction including the proceeds of the sale. Is anyone familiar with the reporting requirements to Canada and if a Canadian tax return is required a Canadian accounting firm to prepare the return(s) required.
I can be contacted via phone as well (516) 902-6347. thank you
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Mark Dolinger CPA
MSD CPA, PC
Plainview NY 11803
516-783-1223
msdcpa@outlook.com------------------------------