Form 1040-NR AR 2024-2025

Form 1040-NR AR: What You Should Know

S. Sources of income. It is your responsibility to ensure that Form 1040NR is filed and paid. If you do not file your required tax return, you may not be able to qualify to apply for non-tax exclusions for the calendar year. This can limit you from qualifying for certain items such as the Child Credit or the American Opportunity tax credit. What is the Form 1040NR? The Form 1040NR is an income tax document filed by nonresidents that reports the U.S.-source income earned by them. It can be filed for tax years beginning after December 31, 2017, and is to be filed along with your federal income tax return, Form 1040, which was filed in 2017. Income from the following is reported on the Form 1040NR: Foreign earned income U.S. interest, dividends, and other income Foreign income earned while residing outside the United States Qualified dividends paid or accrued to foreign persons; or Qualified income (see the discussion of Qualified Dividends below) Qualified dividends (CD) are dividends that are eligible for inclusion in the gross income of a U.S. holder (see the discussion of Qualified Dividends below) and which are received from a nonresident individual. Qualified dividends do not include interest, dividends, or profits from the sale of property. Foreign Earned Income Foreign earned income (FIE) is income earned outside the United States by nonresident aliens who are subject to U.S. tax. U.S. source FIE is income received at a foreign location. Such income includes the following: Fees, rents, or royalties paid by nonresident aliens to their foreign affiliates (an affiliate is a person, partnership, corporation, or other entity that is a U.S. resident, by which an unincorporated association or similar group of persons, a partnership or similar group of persons, or other persons, are engaged in substantially all the carrying on of a trade or business in the foreign country or area.) Interest, dividends, royalties, or rents paid by a nonresident alien individual to his foreign parent corporation Qualified Dividends are dividends (or interest) paid or accrued to nonresident alien owners of the following: A nonresident alien individual who is a citizen, national, or resident of the United States (who is a shareholder).

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