About Form 1040-NR, U S. Nonresident Alien Income Tax Return Internal Revenue Service

Don’t use the Foreign Earned Income Tax Worksheet—Line 16 section under Line 16 in the Instructions for Form 1040. Form 2555 isn’t filed by persons filing Form 1040-NR. When applying the discussion, including the Qualified Dividends and Capital Gain Tax Worksheet, to Form 1040-NR, you will use the same lines of Form 1040-NR that are used for Form 1040 or 1040-SR.

Resident alien taxes

Each reported transfer may result in a recognized short-term or long-term gain or loss, as appropriate. If you’re only required to complete Part I for a transaction (see Filing Exceptions, earlier), leave the corresponding column blank in Part II. For example, you would enter information for a transaction on Part I, line A, but leave Part II, column A, blank, even if you’re required to report a second transaction in Part I, column B. Part I provides information regarding each partnership interest that was transferred during the tax year. Use a separate line for each partnership interest transferred during the year. If multiple interests in the same partnership were transferred during the year, report each on a separate line.

1. However, carryover amounts from contributions made in 2020 or 2021 are subject to a 60% limitation if you deduct those amounts in 2023.
2. Go to IRS.gov/Forms to view, download, or print all the forms, instructions, and publications you may need.
3. Jean should attach both the Form W-2 and the Form 1042-S to Jean’s return.
4. Social security benefits include any monthly benefit under title II of the Social Security Act or the part of a tier 1 railroad retirement benefit treated as a social security benefit.
5. 4681, Canceled Debts, Foreclosures, Repossessions, and Abandonments (for Individuals).

Adjustments to gross income

Beneficial provisions are usually not available with respect to income from the sale of U.S. real estate. Wages, salaries, tips, and other compensation that you claim are exempt from U.S. tax under an income tax treaty should not be reported on line 1a. Instead, include these amounts on line 1k and complete item L of Schedule OI (Form 1040-NR). You will need to complete item L on Schedule OI (Form 1040-NR) and attach a statement to your return containing all information that would have otherwise been types of accounting methods required on a Form 8233 to explain your eligibility for the exemption. The United States has income tax treaties with several foreign countries. For nonresident aliens, these treaties can often reduce or even eliminate U.S. tax on various types of personal services and other income like interest, capital gains, dividends, pensions, and royalties.

You must attach acceptable proof of the withholding for which you are claiming a refund. If you’re claiming a refund of backup withholding tax based on your status as a nonresident alien, you must attach a copy of the Form 1099 that shows the income and the amount of backup withholding. If you are claiming a refund of U.S. tax withheld at source under chapter 3 or tax withheld under chapter 4, you must attach a copy of the Form 1042-S that shows the income and the amount of U.S. tax withheld.

Only enter the amount from Form 4684, line 18, on line 6. You can deduct a gift of $250 or more only if you have a contemporaneous written acknowledgment from the charitable organization showing the information in (1) and (2) next. See Line 13z under Instructions for Schedule 3 in the Instructions for Form 1040 for details on other payments and refundable credits. The credit for the elderly or disabled from Schedule R does not apply to Form 1040-NR filers.

Protective Return

If they aren’t from an effectively connected U.S. trade or business, but are U.S. sourced, enter the income on Schedule NEC (Form 1040-NR). With an online account, you can access a variety of information to help you during the filing season. You can get a transcript, review your earned income and earned income tax credit eitc tables most recently filed tax return, and get your adjusted gross income.

Nonresident aliens who are required to file an income tax return must use Form 1040-NR, U.S. Otherwise, see Form 1116 to see whether you can take the credit. For details on foreign income taxed by the United States, see Foreign Income Taxed by the United States, earlier.

Determining your status

Enter this amount on Form 8949, Form 4797, and Schedule D, as appropriate. If line 4 is less than zero (that is, a loss), treat the number entered on line 4 as positive and add that number to the amount reported on line 3. Enter the amount you realized from the transfer of the partnership interest. Enter the number of the treaty article that exempts the income from U.S. tax. cash basis accounting Enter the dates you entered and left the United States during 2023 on short business trips or to visit family, go on vacation, or return home briefly.

If the pensions and annuities weren’t effectively connected with a U.S. trade or business and were U.S. source, report them on Schedule NEC (Form 1040-NR), line 7. Attach any Form 1042-S you received for treaty-exempt income. The expatriation tax provisions apply to certain U.S. citizens who have lost their citizenship and long-term residents who have ended their residency. You’re a former U.S. long-term resident if you were a lawful permanent resident of the United States (green card holder) in at least 8 of the last 15 tax years ending with the year your residency ends. If you use one of the many online platforms available to provide goods and services, you may be involved in what is known as the sharing (or gig) economy.