1040 NR, Bank Interest Income

agrisiva · Post by **agrisiva** » Sat Mar 24, 2012 5:25 pm

I am a Canadian resident and US non-resident. I have my entire US bank Interest exempted and reported on Line 22 of 1040 NR. I also record this income in item L of Schedule OI on page 5, but trying to figure out what â€œTax Treaty Articleâ€ I should mention in the column (b). is it just â€œArticle XIâ€?

nelsona · Post by **nelsona** » Sat Mar 24, 2012 11:01 pm

IRS regulations do not require non-residents to report US bank interest. it is not a treaty benefit, its for everyone.

So, you don;t report it anywehere on 1040NR.

agrisiva · Post by **agrisiva** » Sat Mar 24, 2012 11:37 pm

ahh, makes sense, thx nelsona

agrisiva · Post by **agrisiva** » Sun Mar 25, 2012 1:04 am

ok, i found this one......

"If the nonresident alien individual uses Form 1040NR to report his income, then such nontaxable interest income shall not be reported anywhere on Form 1040NR except in response to question L on page 5 of Form 1040NR."

http://www.irs.gov/businesses/small/int ... 29,00.html

what do you think?

JGCA · Post by **JGCA** » Sun Mar 25, 2012 10:05 am

As Nelsona sid do not report this at all on the 1040NR