Filing final return as a renunciate

walter42 · Post by **walter42** » Tue Mar 20, 2018 11:18 am

I renounced US citizenship last June 20 and am now doing my final return. I was a US citizen for 170 days, 46.6% of the year. Do I claim 46.6% of the standard deduction and personal exemption? Thanks

nelsona · Post by **nelsona** » Tue Mar 20, 2018 11:25 am

No, you file as dual status, which means you end up filing a 1040NR, which has no standard deduction. You can only itemize.
You do get the full exemption.

walter42 · Post by **walter42** » Tue Mar 20, 2018 11:55 am

Thanks. Can I use the average exchange rate for the year or must I look up the rate for each receipt?

nelsona · Post by **nelsona** » Tue Mar 20, 2018 12:03 pm

Average for the period of time you earned income or had expenses would be best.