Do I need to file late form 1040-NR for 2024 based on 1099-INT even if I am not a US citizen, live in Canada but hold US bank accounts? I had no income in the US but earned $44.72 as interest from my bank accounts. Thank you!

Strawberry123 — Tue, 06 Jan 2026 04:20:54 GMT

Re: Do I need to file late form 1040-NR for 2024 based on 1099-INT even if I am not a US citizen, live in Canada but hold US bank accounts? I had no income in the US but earned $44.72 as interest from my bank accounts. Thank you!

jtax — Thu, 08 Jan 2026 16:10:53 GMT

If you were not a US resident and your only income is interest from a US bank and not related to running a business in the US, you do not need to file a 1040-NR.

Why? Because the tax code says so in I.R.C. 871. https://www.law.cornell.edu/uscode/text/26/871

U.S. Code § 871 - Tax on nonresident alien individuals

(a)Income not connected with United States business—30 percent tax
(1)Income other than capital gains

Except as provided in subsection (h), there is hereby imposed for each
taxable year a tax of 30 percent of the amount received from
sources within the United States by a nonresident alien
individual as—

(A)interest ...

(i)Tax not to apply to certain interest and dividends

(1)In general

No tax shall be imposed under paragraph (1)(A) or (1)(C) of
subsection (a) on any amount described in paragraph (2).

(2)Amounts to which paragraph (1) applies

The amounts described in this paragraph are as follows:

(A)Interest on deposits, if such interest is not effectively
connected with the conduct of a trade or business within the
United States.

(3)Deposits

For purposes of paragraph (2), the term “deposits” means
amounts which are—

(A)deposits with persons carrying on the banking business,

(B)deposits or withdrawable accounts with savings
institutions chartered and supervised as savings and
loan or similar associations under Federal or State
law, but only to the extent that amounts paid or
credited on such deposits or accounts are deductible
under section 591 (determined without regard to
sections 265 and 291) in computing the taxable income
of such institutions, and

Re: Do I need to file late form 1040-NR for 2024 based on 1099-INT even if I am not a US citizen, live in Canada but hold US bank accounts? I had no income in the US but earned $44.72 as interest from my bank accounts. Thank you!

Strawberry123 — Thu, 08 Jan 2026 04:00:30 GMT

Thank you so much for the thorough answer! Very helpful!

topic Do I need to file late form 1040-NR for 2024 based on 1099-INT even if I am not a US citizen, live in Canada but hold US bank accounts? I had no income in the US but earned $44.72 as interest from my bank accounts. Thank you! in Deductions & credits

Do I need to file late form 1040-NR for 2024 based on 1099-INT even if I am not a US citizen, live in Canada but hold US bank accounts? I had no income in the US but earned $44.72 as interest from my bank accounts. Thank you!

Re: Do I need to file late form 1040-NR for 2024 based on 1099-INT even if I am not a US citizen, live in Canada but hold US bank accounts? I had no income in the US but earned $44.72 as interest from my bank accounts. Thank you!

Re: Do I need to file late form 1040-NR for 2024 based on 1099-INT even if I am not a US citizen, live in Canada but hold US bank accounts? I had no income in the US but earned $44.72 as interest from my bank accounts. Thank you!