Hello, everyone.
When we file Form 1040NR schedule E, should we do declar to allow us to put expenses there?
I have never heard about this.
So please let me know if someone know this Declaration.
Thank you.
Would they rather be taxed on Gross Income or Net Income?
It's an election to treat it as ECI (Effectively Connected Income)
Is this what you are referring to?
https://www.irs.gov/publications/p519#en_US_2024_publink1000222359
Thank you for your reply.
I did that election.
I thought some kind of declaration.
Thank you very much.
Yes!!
By doing efile, I cannot attach that statement.
But I think I should do a paper filing.
Thank you!
