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crysntns
Returning Member

Brokerage company requested more info about my W8-BEN and made withhold backup under W9

Hi! I'm a non-US resident, only visit the country as tourist some weeks per quarter. I hold a US bank account and a phone number. Opened a brokerage account to buy stocks/fixed income but the brokerage company invalidated my W8-BEN and requested additional forms showing that I'm not a US resident and qualify to W8-BEN. Meanwhile they made a backup withhold of 24% in all my operation under W9 form. Now they approved my W8-BEN and stoped backup withholding on capital gains. My question is: how do I get a refund from IRS of the amount they withheld under W9? I asked them to refund it but they said that's not possible because the amount is already sent to IRS.

 

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1 Reply
KristinaK
Employee Tax Expert

Brokerage company requested more info about my W8-BEN and made withhold backup under W9

You need to file Form 1040-NR to claim the refund. TurboTax does not support the form but you can use the partner site to file it. Please read more about it here.

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