taxprogo
Level 1
02-28-2021
08:09 PM
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Hello,
My foreign (NR) client received small dividend income (< $200) represented on 1042-S. They had no other US source of income. Do I still need to file a 1040NR if they don't have any other foreign income?
Also, does Proseries now support electronic filing of 1040NR with 1042-S income.
Thanks
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itonewbie
Level 15
03-01-2021
10:10 AM
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If your client had filed a correct W8-BEN with the broker, the proper amount of tax was supposed to have been fully withheld and treaty benefits applied. In that case, 1040NR will not need to be filed unless your client had US-ECI and/or other FDAP income, the tax on which is not properly withheld.
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