1040NR for Capital Gain (8288-A)

noahtri · Post by **noahtri** » Wed Mar 26, 2014 7:23 pm

Hi all,

I am a Canadian Citizen.

I have a Capital Gain resulting from the sale of Time-Share of a Florida Condo bought in 2006. Federal Tax of 2500$ (10% of Sale Price of 25000$) has been withheld as indicated on 8288-A Form.

I do not have ITIN Number. Can I apply for it at the same time of filing my 1040NR? In the same envelop sent to IRS?

Can I claim the 3900$ Deduction? (Line 40 in 1040NR)

I stayed in the States less than 20 weeks/year in the last 3 years.

Do I need to send IRS the cost of purchase, maintenance, etc to IRS?

In addition to 1040NR & Schedule OI, do I need to file Schedule D or other Schedules?

I tried to file with TaxACT and they use 1040NR-EZ instead of 1040NR. Can I file with 1040NR-EZ?

Thanking you for your help.

noahtri

nelsona · Post by **nelsona** » Mon Mar 31, 2014 1:15 am

You MUST apply for itin at the time you file 1040NR.

noahtri · Post by **noahtri** » Wed Apr 02, 2014 3:11 pm

thanks nelsona for your fast reply.

do i need to fill Schedule D?
do i need to send IRS the cost of purchase & maintenance expenses?
can i claim the 3900$ Itemized Deduction? (Line 40 in 1040NR)
is 1040NR-EZ is enough?

thanking you in advance,

noahtri

nelsona · Post by **nelsona** » Wed Apr 02, 2014 3:52 pm

Please use correc terms >line 40 is exemption not itemized deduction. I think you can figure this out.

noahtri · Post by **noahtri** » Wed Apr 09, 2014 6:33 pm

Update: I used TaxACT software to get 1040NR-EZ & Schedule OI (other information) and asking the full refund of tax withheld. Printed & mailed to IRS with Application for ITIN number. Hope all goes thru' and hope to get the refund.