Taxes for a new person in the US
Hi, I moved from Canada to the US in Aug 2016. Amazon hired Deloitte and got all my taxes done through them for the year 2016 in both the US and Canada. From talking to the CRA (Canada Revenue Agency) I don't have to file 2017 taxes in Canada. I do have to file US taxes by myself for the year 2017. Here's what I have: 1. Amazon income 2. Investments via Robinhood (net loss) 3. Vested RSUs in Morgan Stanley (didn't sell anything) 4. Foreign investments in India and Canada 5. Crypto investment (have every transaction in an Excel file). I'm thinking of getting Intuit TurboTax Premier since Robinhood gives a $15 discount. What forms should I be looking for/waiting for and will the TurboTax Premier suffice? I'm on a TN Visa, if that changes anything but I'm sure it won't. Thanks!
If they get w2 thru TurboTax or adp, should have received already, as Jan 31 is employee deadline for sending. Most else can be gotten online (including w2’s). That’s what I did. Some IRS forms weren’t ready until Jan 25, but that shouldn’t be issue here.
The foreign investments will make things more complicated. Don’t know about crypto but it doesn’t help either. Highly recommend talking to a CPA.
TurboTax also handles foreign investments, I used that feature myself for multiple tax years. But definitely can’t hurt to talk to a CPA, esp about crypto currencies.
Thanks everyone! Appreciate this!!
Can anyone recommend any good CPAs in the Seattle area?
Start filling out turbotax, you dont have to pay until you decide to file. If at any point you are not sure how to answer those questions, you can always find a CPA or go to HRBlock
Turbotax will handle forms for you, just have to answer all TurboTax’s questions and fill in data. If you have work-related expenses (eg home office), would suggest entering them too. This deduction goes away after 2017 tax year, FYI. So might want to use when you can.