Jump to content
Soul Mates

Nonresident tax information

By Soul Mates in Tax & Finances During US Immigration

 Share

1 post in this topic

Recommended Posts

Soul Mates Contributor

Soul Mates   44

Posted
Filed: K-1 Visa Country: Brazil
 Timeline
Posted (edited)

I filed a tax extension and would like to do MFJ for 2013 but I am confused about what information I need to report for my husband's account. I'll be making the choice to have my husband considered a resident for tax purposes to file jointly and the account in question is based in the US for nonresidents only so he didn't receive a tax form. The account is a Merrill Lynch CMA account and it is owned by his parents but his name is also on it. The CMA account has mutual funds and cash that can be withdrawn with a debit card, his dad occasionally transfers some money from the mutual fund to cash. I have the December 2013 statement with YTD information but I don't know what needs to be reported. Does the amount that gets moved from mutual fund to cash need to be reported? Would that amount be listed under Security Sales/Credits? If it needs to be reported how exactly do I do that? What form would we have gotten if he was a resident? Right now I have interest reported as if it was on a 1099-INT and the account shows no dividends. Thanks!

Edited by Soul Mates
Link to comment
Share on other sites
 
Didn't find the answer you were looking for? Ask our VJ Immigration Lawyers.

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
 Share
Go to topic listing
- Back to Top -

Important Disclaimer: Please read carefully the Visajourney.com Terms of Service. If you do not agree to the Terms of Service you should not access or view any page (including this page) on VisaJourney.com. Answers and comments provided on Visajourney.com Forums are general information, and are not intended to substitute for informed professional medical, psychiatric, psychological, tax, legal, investment, accounting, or other professional advice. Visajourney.com does not endorse, and expressly disclaims liability for any product, manufacturer, distributor, service or service provider mentioned or any opinion expressed in answers or comments. VisaJourney.com does not condone immigration fraud in any way, shape or manner. VisaJourney.com recommends that if any member or user knows directly of someone involved in fraudulent or illegal activity, that they report such activity directly to the Department of Homeland Security, Immigration and Customs Enforcement. You can contact ICE via email at Immigration.Reply@dhs.gov or you can telephone ICE at 1-866-347-2423. All reported threads/posts containing reference to immigration fraud or illegal activities will be removed from this board. If you feel that you have found inappropriate content, please let us know by contacting us here with a url link to that content. Thank you.
×
×
  • Create New...