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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?


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

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