As a nonresident alien, you are only required to file a 1040NR to report any US sourced income (TurboTax does not support Form 1040NR). Here
is a link to the IRS website for Form
1040NR, U.S. Nonresident Alien Income Tax Return.
Regarding your multi-member LLC, you will not include this LLC on your personal income tax return (unless a husband and wife LLC formed in a community property state (which Texas is) then see additional information below). Instead the LLC will need to file either a 1065 (if it is considered a partnership) or 1120/1120S if considered a C or S Corporation.
If you file as a partnership (Form 1065) or as an S Corp (Form 1120S) then your LLC will issue you a K-1. You will include this K-1 information on your Form 1040NR. The K-1 should include your share of any income from the LLC and any distributions to you as either a partner or member.
To file a Form 1065, 1120 or 1120S,
you will need TurboTax Business, you can download a copy here
If LLC owned by a husband
and wife in a community property state ( Louisiana,
Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and
Wisconsin), you have a choice.
If there is a
qualified entity owned by a husband and wife as community property owners, and
they treat the entity as a:
- Disregarded entity for
federal tax purposes (a Schedule C filing), the Internal Revenue Service
will accept the position that the entity is disregarded for federal tax
purposes.
- Partnership for federal tax
purposes (a Form 1065 filing), the Internal Revenue Service will accept
the position that the entity is partnership for federal tax purposes.
A change in the
reporting position will be treated for federal tax purposes as a conversion of
the entity.
A business entity is a qualified entity if:
- The business entity is wholly
owned by a husband and wife as community property under the laws of a
state, a foreign country, or possession of the United States;
- No person other than one or
both spouses would be considered an owner for federal tax purposes; and
- The business entity is not
treated as a corporation under IRC §310.7701-2.
