Question
Foreign reporting T1135
How do we report funds in US accounts which we use when we visit the US?
For instance, let's say if we have 150k in US chequing accounts, and every time we visit the US (a few times a year), we use this fund. Max cost is higher than year-end cost...but what would be income/loss in this case?
For instance, let's say if we have 150k in US chequing accounts, and every time we visit the US (a few times a year), we use this fund. Max cost is higher than year-end cost...but what would be income/loss in this case?
