Filing final return as a renunciate

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walter42
Posts: 9
Joined: Wed Dec 16, 2009 6:09 pm

Filing final return as a renunciate

Post by walter42 »

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
Posts: 18314
Joined: Wed Oct 27, 2004 2:33 pm
Location: Nowhere, man

Post by nelsona »

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.
nelsona non grata. Non pro. Please Search previous posts, no situation is unique as you might think. Happy Browsing :D
walter42
Posts: 9
Joined: Wed Dec 16, 2009 6:09 pm

Post by walter42 »

Thanks. Can I use the average exchange rate for the year or must I look up the rate for each receipt?
nelsona
Posts: 18314
Joined: Wed Oct 27, 2004 2:33 pm
Location: Nowhere, man

Post by nelsona »

Average for the period of time you earned income or had expenses would be best.
nelsona non grata. Non pro. Please Search previous posts, no situation is unique as you might think. Happy Browsing :D
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