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Tax Reporting Guidance for Resident Alien with Foreign Self-Employment Income
Hello,
This is my first year filing taxes in the U.S., and I’m finding it challenging to determine the correct process. My current situation is as follows:
- I am a resident alien who lived in the U.S. for 185 days in 2024, spending the rest of the year in Brazil.
- My income is entirely from self-employment in Brazil, and I do not have any U.S.-sourced income.
- I also pay taxes on my earnings in Brazil.
How should I report this income on my U.S. tax return? Is it considered regular self-employment income for tax purposes, even though it originates from Brazil? Additionally, how do I claim (if I can claim it) deductions or credits for the taxes and expenses I have already paid in Brazil?
I appreciate any guidance you can provide.
Thank you!
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February 3, 2025
6:05 AM