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Form 1040-NR
The proper tax rate is 30%
How do tell LC to use a 30% rate?
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What kind of income?
Where on the 1040NR is it reported?
The more I know the more I don’t know.
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Thank you.
Rental income, taxed at 30%
No other sources of income.
I found out how to get the 30% tax to calculate and appear on Line 23a. But the return is including the ordinary tax in error. This tax needs to be eliminated.
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The link didn't address my issue but thank you anyways.
But I did learn of a webinar mentioned by you that will be useful.
The IRS webinar Taxation of Nonresident Alien Individuals takes place on Thursday, Aug. 17 at 2 p.m. ET. Participants will be eligible to earn up to 2 continuing education credits for this webinar. For more information about the webinar and to register, visit the Webinars for Tax Practitioners webpage.
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I considered it. Effectively connected does not apply. Thank you. I consulted with someone knowledgeable who told me that the 30% rate applies but the ordinary rate does not. The input to make this happen is difficult to locate.
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30% rate is schedule NEC. Just like capital gains for nonresident do not use Schedule D, I doubt that rental income will use Schedule E if you do not make the effectively connected election. May I ask what is the reason that it does not apply? Thanks.