I am working under a J1 visa. I will be resigning from my job and returning back to my home country. I would like to know how will I be able to file my taxes next year.

Forum|Forum|1 year ago
September 17, 2024
2 replies
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TurboTax Deluxe Online

xmasbaby0

Level 15

If you are a non-resident alien, your return must be filed on Form 1040NR, which cannot be prepared using TurboTax. You can use TT’s partner, sprintax:

https://www.sprintax.com/non-resident-alien-tax-1040nr-turbotax.html

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

Opus 17

Level 15

[Edited: 2 years, not 5]

~~Unless you have been in the US more than 5 years,~~ As a J-1, if you have been in the US 2 years or less, you are considered a non-resident alien and file a form 1040-NR that only reports your US-source income and does not report any other world-wide income. That won't change in 2024, you will continue to file a 1040-NR and only report your US-source income. Whether you also owe tax in your home country is up to the laws of that country.

If you have been in the US more than 2 years and are considered a US-resident for tax purposes, you would be a dual-status alien for 2024. There are special rules for dual-status aliens, and special rules that apply in your exit year. Let us know if that applies to you and I will locate the best expert on that topic. But for a regular J-1 less than 2 years, your tax position won't change.

jickky91Author

Level 2

Thanks for the reply. I am under the J1 visa but have been in the US for 4 years. Since I am returning back to my home country in 2 months, I will not be around for the entirety of the taxable year. I plan on not returning to the US after I leave, hence I will be closing my bank accounts and will not have a physical address. Is there a way for my to file a 'short year' version?

Opus 17

Level 15

@jickky91 wrote:

Thanks for the reply. I am under the J1 visa but have been in the US for 4 years. Since I am returning back to my home country in 2 months, I will not be around for the entirety of the taxable year. I plan on not returning to the US after I leave, hence I will be closing my bank accounts and will not have a physical address. Is there a way for my to file a 'short year' version?

You would be dual-status for your exit year. Essentially, that means filing a resident return for the period of time you are a resident, and a non-resident return for the period of time after you leave (but you only need the NR return if you have US source income after you leave). But there are some extra rules for your exit year. Let me ask the expert.

@pk

As far as bank accounts are concerned, if you want to use Turbotax, you need a US bank account and a US credit card, and as far as any tax refund you expect, the IRS will only do direct deposit into a US bank (or they will mail a paper check). So you may want to keep a US bank account and US credit card open for a while after you leave. At the very least, you should investigate banking options in your home country or contact the US Consulate in your home country before you close all your US accounts, to make sure you understand your banking options and have a workable solution ready to go.