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Level 2
April 25, 2025
Question

NRA CD interest

Hi,

 

I am an international student on a fellowship in the USA, and am making interest from CD products. I do not have to pay any tax since I am NRA, but I could not include the 1042 form in my tax return since I received it late from the bank.

 

Would I have to amend my tax return or is it alright for now?

 

3 replies

Alumni - Intuit
April 25, 2025

As a NRA, you will need to file a 1040NR, not a 1040. TurboTax does not support the 1040NR, but our partner Sprintax does and can help with your non resident return. 

If you originally filed a form 1040, they can also help you with the process of correcting which form you filed. 

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she21Author
Level 2
April 26, 2025

I already filed 1040NR, without attaching the 1042-S documents from the bank. Since I am NRA I do not have to pay taxes. Do I need to refile 1040NR with the 1042-S documents from the bank attached?

 

I generated 1040NR both with and without the interest income and they look the same to me. 

CatinaT1
Alumni - Intuit
April 29, 2025

Please check with Sprintax or whomever you filed your 1040NR with.

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