Questions tagged [non-resident]

Questions concerning government regulations or corporate practices that apply specifically to people who are not residents (or not citizens) of the country in question.

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Capital Loss Carryover from Resident status to Non-Resident Status?

In my last year as a US resident I had a short-term capital loss carryover of about $10,000. In the subsequent year I became a non-resident alien. Am I right that this vaporized (make useless) my ...
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1 answer
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International student in the USA reselling in europe

I am a student studying in the USA and have a study visa. I have a business in Germany with a partner of mine. What i'm wondering is, if there are problems with my visa or if I risk something if i buy ...
2 votes
2 answers
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What income taxes should I pay if the paid job is done before becoming tax resident and money paid after?

I'm moving to the US in 2 weeks. I'm a Polish independent contractor working with US clients. I expect to obtain work permit within 30 days after arrival. I do understand the taxation for the US tax ...
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Investing in US and UK stocks through a foreign partnership

I am a partner in a partnership that I originally set up with a cousin to gain hands-on financial literacy by running a small web store with a physical collection point in the nearest town. Two other ...
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Is it possible for a non US resident to have a bank account in the US? [closed]

Even though I am not an US citizen and I don't live in the US, I was able (a few years ago) to open a bank account in Wells Fargo without having any proof of US residency. They recently started ...
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1 answer
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Tax liability for non-US person living outside of the US for US-source income

My situation is as follows: In 2017 I've received an ~$18k income from US sources while living in Ireland (also I'm not a US citizen and was not a US resident at that time). I have moved to US since (...
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1 answer
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How do I report stock dividends for US nonresident taxes on my income tax return?

Foreigner filing U.S. taxes with form 1040-NR. I own stock of a U.S. company in a foreign brokerage account and had U.S. tax withheld from dividends based on form W-8 BEN. How do I report this income ...
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can nonresident alien (NRA) stock loss carryover/be calculated as cost basis?

I am a nonresident alien NRA in California. I am an ordinary employee in a tech company, that's my job. I have no business. Aside from my job I trade stock by myself. So if I have capital gain, my tax ...
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1 answer
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International Non-Resident Spouse CA Tax Filing and Community Income

Indian citizen working and living in California since 2019 and considered a CA resident for tax purposes. Got married in Nov 2021 to my wife who lives in India. She did not join me in the US in 2021 ...
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Does non-taxable, international organization wage count as "Earned Income" on 2441 line 5?

I am a US resident married to a non-citizen G4 visa holder employed at the United Nations. My wife made the election to be treated as a tax resident (6013G) last year and we filed with no issues . We ...
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2 votes
1 answer
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Remote work. Company in IL, I am a resident of Washington

I am domiciled in Washington for the entire year. My employer is IL based, and does not have an office in Washington. Similar to Remote work. Live in one state, company in another state. tax ...
2 votes
1 answer
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US resident filing a joint return with spouse who is non-resident

I am currently a H1B visa holder, and have been a resident (for tax purposes) for the last few years. I got married in Dec 2021, and my wife (who will be traveling to the US soon on an H4 visa for the ...
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1 answer
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Taxes on "Joint Tenants with Rights of Survivorship" stock brokerage account upon death of non-resident alien

Suppose two US non-resident aliens (parent and grown child) open a "Joint Tenants with Rights of Survivorship" stock brokerage account. When one of the account owners dies, does the other ...
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Taxation on FCNR Deposit with "Forward Contract"

I would like to have clarity about the taxation on the returns from "FCNR deposit with forward contract". Almost all (at least private) banks in India have this product in various names. ...
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Moved from NY to Florida; do we owe NY State Tax? [duplicate]

We moved from New York to Florida in late June 2021. Bought a house here in May, sold our old house in August. I'm retired; wife works remotely (per diem) for NY firm that took out state income tax (...
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1 answer
63 views

Closer Connection Exception to the Substantial Presence Test for Foreign Students while on F1-OPT?

I've been in the US as non-resident and resident. 2014 - F1 - NR 2015 - F1 - NR 2016 - F1 - NR 2017 - F1 - NR 2018 - F1-OPT - R (filled 1040) 2019 - F1-OPT - R (filled 1040) 2020 - F1-OPT - R (filled ...
2 votes
2 answers
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How much is tax exemption if I retire in a foreign country like Taiwan?

I heard that some time ago, there was like a US$70,000 tax exemption if I live in Hong Kong, and that first $70k income is not subject to US taxes. However, let's say if I actually retire and live in ...
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1 answer
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Are non-US funds held at US brokerages by non-resident non-citizens liable for Estate Tax?

Are funds held at US brokerages (e.g. Interactive Brokers) by non-resident non-nationals liable for US Estate Tax even if the funds are invested in non-US stocks?
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Are ADRs of US stocks purchased on non-US exchanges subject to US Estate Tax if held by non-resident non-nationals?

US stocks are traded on many European exchanges via an arrangement similar to the US ADR (the UK term is "CREST") If you hold US stocks in such indirect way as a non-resident non-national ...
2 votes
1 answer
48 views

UK pension (SIPP) of a non-US citizen (and non-US resident) invested in US stocks - is it liable for US estate tax?

The title pretty much sums it up: I am not residing in the US and I'm not a US citizen. I do have a UK pension (SIPP) which is invested in US stocks. The SIPP is held with Interactive Brokers which is ...
1 vote
1 answer
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Non-US resident: tax comparison for ETF domicle in US vs Ireland

I am a non-US resident. I am evaluating taxation on US-domiciled ETF vs Ireland-domiciled ETF. Assumptions The country of the investor's residence has tax treaty with the US (the withholding tax in ...
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I´m not a USA citizen, I use to had permit to work in USA, can i request to SS money back? [duplicate]

I´m not a USA citizen, I use to have a permit to work in the USA, I paid $10,605 in Social Security, and $2,682 in Medicare taxes, can I request this money back?
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1 answer
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How do I report interest income whose non-resident tax was not withheld?

I'm a former resident of Canada who kept their Canadian bank account upon leaving Canada several years ago. It seems that my bank either did not receive or did not act upon my change of address ...
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Can I have someone else cash the stimulus check in my account?

I have received my stimulus , but I'm living abroad. So it's been very hard to cash the check. A friend of mine is visiting, would it be possible for that person to take the check and deposit at a ...
1 vote
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IRAs for US citizens who are non-US residents [closed]

I am a US citizen residing in the UK (for the long term). I understand that I can legally invest in a Roth IRA; however, it seems very difficult to actually open one that will allow me to do so with a ...
2 votes
0 answers
162 views

I'm a nonresident alien who won and claimed a $50 giveaway through the internet before I realized this could give me a headache, please help

This might be a silly question but: I think I'm not obliged to file a tax report since my income from a U.S. source is only $50 (please correct me if I'm wrong). But what about paying the actual tax (...
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European citizen exercising USA company stock options

My situation is pretty simple, I am a European citizen working for a US based company. I would like to exercise my vested stock options and hold the stock long term since both the exercise price and ...
3 votes
1 answer
187 views

Must I pay NYC city tax?

I do not live in New York City I live in central New York and work in central New York. My employer has taken out NYC city taxes. Is this a tax I, not being a resident of NYC or any of the 5 boroughs ...
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2 votes
0 answers
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Savings account in UK but working and living in the EU

Is there any reason not to have a bank or savings account in the UK even though I live and work in Germany? I'm a UK citizen. Is the tax situation awkward if the savings account earns interest?
1 vote
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File Dual Status tax with one W-2

I worked for a US company for the whole year but only became resident alien in May. How should I file tax as dual status? Should I split the amount on W2 between 1040 and 1040-NR, and then attach a ...
3 votes
1 answer
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Status of US brokerage account of non-domiciled citizen

I have a brokerage account with Ameritrade (now owned by Schwab) that I’ve held for almost 25 years with almost all my savings there. Recently I left the US and have decided to settle in Spain. Can I ...
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IRS filing obligations for non-resident shareholders of a US c-corp [closed]

I'm thinking of forming a micro-sized US c-corp and I have some questions related to the filing obligations. I plan to have two non-resident shareholders on board, one non-resident individual holding ...
1 vote
0 answers
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How much of a bond ETF's dividends are tax-free for US non-resident aliens?

Normally, for US non-resident aliens, the withholding tax on dividends is 30%. However, dividends that qualify as "portfolio interest" are not taxed (i.e 0% tax). When a US domiciled bond ...
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What are the stock fees charged on nonresidents?

When a foreigner invests in the US stock market, are the dividends taxed at 37%? What if the stock does not pay a dividend? Will foreigners be charged anything if the stock does not pay a dividend? Is ...
1 vote
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US taxation of dividends for non-resident aliens: corporation vs master limited partnership

A US non-resident alien wishes to invest in a company: Brookfield Infrastructure. Two securities are available for this purpose: Brookfield Infrastructure Partners L.P. (NYSE: BIP), and Brookfield ...
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4 votes
1 answer
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401K balance while in foreign company branch

I have transferred from a US company to a branch in home country. I'm paid through local country payroll and have no ties with US or the US branch payroll any longer. When I requested a distribution ...
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How can I can I cash American checks when living in the Netherlands?

My wife and me have worked in the USA from 1968 until 1978 we are Dutch citizens and receive every month retirement payments in our Dutch bank account. We received $600 and $1400 stimulus checks each ...
2 votes
0 answers
43 views

Do non-resident aliens have to pay US taxes on dividends from ADRs?

If a US non-resident alien owns some shares of an ADR that pays dividends, does the US government collect any tax on those dividends? I understand that, for non-resident aliens, there is a 30% tax on ...
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1 vote
0 answers
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Form 6781 and position close date when becoming different state resident?

It seems that Form 6781 Part 1 does not allow to specify position close date. This is where I believe, for example, VIX option trades should go. And it seems that TurboTax in case tax filer moved ...
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1 answer
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Filing tax return for tax refund? Former J1 Visa

I was an intern in 2019 between August and November in California on a J1 visa. I filed last year state and federal(1040NR-EZ) tax returns through Sprintax for the year 2019 and received both tax ...
5 votes
0 answers
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I just mailed my 2020 federal tax return with my NRA spouse's SSN left blank. What outcome should I expect & what course of action should I take?

I am a US citizen living in the UK with my British husband. I file my taxes as married filing separately and my husband is not required to file with the US so has no SSN or TIN. I sealed up and mailed ...
1 vote
0 answers
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As a new resident alien, can I harvest capital gain losses from previous years when I was a non-resident alien?

In the year 2020, I switched from being a non-resident alien (NRA) to a resident alien (RA) for tax purposes. I'd come to the US in 2015 as an international student (F-1 visa). For NRAs, using the ...
2 votes
0 answers
51 views

Is Foreign Income taxable In India

I was abroad from 2 years(so NRI currently), Now returned to India in April and working for Portuguese company individually and they need me to send invoices monthly for the payment. Now this company ...
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Non-resident alien: Why did I pay no tax on dividend income? [duplicate]

I have a US stock brokerage account, and I am a non-resident alien. From my understanding, dividend income of non-resident aliens is taxed at a flat 30% rate (assuming no applicable tax treaties). I ...
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1 vote
2 answers
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Can rent from a UK property be moved into an investment account if the owner lives abroad?

TL;DR: I want to rent my house out while I live in another country for some years. I'd like the rent to go into a stocks and shares investment, to grow. Is this allowed, in the UK? I've been in my ...
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401k or Roth IRA for non treaty countries

This might be a bit complicated, so pretty please bear with me a little. I am currently living in USA on a E2 visa. My employer offers both 401k and Roth IRA. I do not plan to neither retire nor ...
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2 votes
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Does IRC §871(i) (no tax on deposit interest for non-residents) apply to interest paid by the IRS on delayed refunds?

Internal Revenue Code §871(i)(3) basically says that "deposit interest" on a deposit in a US bank is not taxable for US non-resident aliens. The IRS pays interest on delayed refunds and ...
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1 answer
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Should I file as Resident or Non Resident for FY2020? I arrived in US in 2015 on F1 and switched to H1B in Oct 2020

I am a single individual who arrived in US in Aug 2015 on F1. I was on OPT until 30th Sept 2020 and then switched to H1B from 1st Oct 2020. After reading documents below, I gathered that since I have ...
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1 vote
1 answer
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J1 teacher resident vs non resident

I would like to find out if I need to do my taxes as resident or non resident. I would really appreciate if anyone can take a look at my particular case and let me know their opinion, before I choose ...
1 vote
1 answer
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Can I file tax for both F1 and H-1B partially the first year?

Last year I started working at a company as F-1 OPT around Jul, and then I turned into H-1B on Oct. So, I have to file as a non-resident alien. However, somehow the company withhold FICA tax from my ...
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