capital gain distribution amount on 1040NR

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agrisiva
Posts: 56
Joined: Sun Mar 18, 2012 1:27 pm
Location: Vancouver, BC

capital gain distribution amount on 1040NR

Post by agrisiva »

Hi,
I am a Canadian resident and US non-resident with salary, bank interest, and dividend income from US. I am trying to figure out where to report a small amount , $5 of capital gain distributions on my 1040NR? I don't see a field on Schedule NEC (page-4) for that. Any ideas? Thanks!
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nelsona
Posts: 18681
Joined: Wed Oct 27, 2004 2:33 pm
Location: Nowhere, man

Post by nelsona »

Cap gains are not taxable in US for Cdn residents, Nor is bank interest.
The dividends go on the non-connected income page, and are taxed at 15% flat.
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
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agrisiva
Posts: 56
Joined: Sun Mar 18, 2012 1:27 pm
Location: Vancouver, BC

Thx

Post by agrisiva »

wonderful, thanks a lot nelsona as always for your quick and valuable response. :)
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dp
Posts: 15
Joined: Sat Oct 01, 2011 8:20 pm

Post by dp »

Nelsona,

What about qualified dividends? Can I use it to calculate tax? Thanks.
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