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- 8805 withheld 37% for Non-Resident
8805 withheld 37% for Non-Resident
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HOPE2
Level 9
08-02-2023
02:14 PM
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Hi to all and thanks for help.
My non-resident client received a Schedule k1 ($10000 ordinary income) , 8805, section 199A information code Z and k-3 from a partnership. Partnership withheld 37% ($3700) of his ordinary income. I filed 1040NR and based on all docs which I have, he will get a refund around $2747. IRS says 37% is highest tax rate for individual. But I confused if non-resident suppose to pay 37% why he will get a refund? On 1040 NR a kind of 10% tax rate been calculated and QBI caused to lower 10%.
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HOPE2
Level 9
08-03-2023
10:12 PM
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My I have your help. I really appreciate it.
sjrcpa
Level 15
08-04-2023
05:54 PM
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Hope, I think you've been around here long enough to know that you should only ask once.
The more I know, the more I don't know.
