I am a Canadian living in Canada. Please confirm or correct me:
The interest on form 1099-INT is not taxable in US based on Pub 519;
The capital gain on form 1099-DIV is not taxable in US based on Article XIII(4);
The capital gain/loss on K1 (partner's capital account) is taxable in US and should be reported on f1040nr line 14.
Thanks.
interest income and capital gain
Moderator: Mark T Serbinski CA CPA
Nelsona
I opened the account when I was working in US.
I have another question:
I received f1099-DIV for my mutual fund. After I read this forum, I understand that I should receive f1042s instead of f1099-DIV. It may be because I haven't changed my address for that account. Anyway, could you please tell me how to report ordinary dividends and qualified dividends on the 1040nr form? Can I report ordinary dividends on page 4 and qualified dividends on page 1?
Thank you very much for your help.
I opened the account when I was working in US.
I have another question:
I received f1099-DIV for my mutual fund. After I read this forum, I understand that I should receive f1042s instead of f1099-DIV. It may be because I haven't changed my address for that account. Anyway, could you please tell me how to report ordinary dividends and qualified dividends on the 1040nr form? Can I report ordinary dividends on page 4 and qualified dividends on page 1?
Thank you very much for your help.