You are not using the election to claim residency, you are merely using the election because you AREN'T (yet) resident.
As to whether you are a deemed non-resident, that doesn't have to do with the US filing choice you make, but rather if you meet the treaty definition of US resident, which begins with SPT and then includes preponderance of ties in US.
1040NR vs First Year choice vs Full year 1040
Moderator: Mark T Serbinski CA CPA
Re: 1040NR vs First Year choice vs Full year 1040
After 20 years, I am severely cutting back on responses. Do not ask specifically for my help. There are a few others on this board that can answer most questions. All the best
Re: 1040NR vs First Year choice vs Full year 1040
elgoog wrote:
> Yeah, I was considering filing a full year 1040 due to the stimulus check
> but since it's full year income (including income earned in Canada), it
> might not be that useful. The standard deduction would have been nice but
> the amount I would gain from claiming that deduction would be offset by any
> accountant costs ($1200+) since TFSAs have complex reporting requirements.
> Not to mention that the deadline for Form 3520 has already passed.
That's a shame. I would have thought that a credit for Canadian taxes paid + stimulus check + standard deduction would have been more helpful. TFSAs do make things more complicated.
> Yeah, I was considering filing a full year 1040 due to the stimulus check
> but since it's full year income (including income earned in Canada), it
> might not be that useful. The standard deduction would have been nice but
> the amount I would gain from claiming that deduction would be offset by any
> accountant costs ($1200+) since TFSAs have complex reporting requirements.
> Not to mention that the deadline for Form 3520 has already passed.
That's a shame. I would have thought that a credit for Canadian taxes paid + stimulus check + standard deduction would have been more helpful. TFSAs do make things more complicated.