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Get your taxes done using TurboTax
Hi @MarilynG1 ,
I just reviewed my 1040NR form sent by my Tax Preparer, he has entered the 1099-INT income on Line 2b Taxable Interest, but as per this: https://www.irs.gov/pub/irs-pdf/i1040nr.pdf
"Page 18: Line 2b
Exception 3: Don’t include on line 2b
interest from a U.S. bank, savings and
loan association, credit union, or
similar institution (or from certain
deposits with U.S. insurance
companies) that is exempt from tax
under a tax treaty or under section
871(i) because the interest isn’t
effectively connected with a U.S. trade
or business."
The interest from my Bank should not be entered on line 2b right, I also don't see this option: Form 1040-NR except in response to question L on page 5 of Form 1040-NR.
Can you please help
March 16, 2024
5:05 PM