I am a dual citizen of the USA and Canada.
I expect to receive proceeds from a family memeber as an inheritance.
I would like to place those securities (reits and common stocks) with a stepped-up cost basis into a Delaware Family Limited Partnership.
How would I be taxed as a Canadian resident taxpayer on the distributions from a US FLP which might also include some depreciation on the K-1?
And do I benefit from the possible LP valuation discount often 10% to 30%, for Canadian reporting purposes?
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