K-1 form received by non-resident alien. I need hel

[jay]

Hello all,

I have just received a schedule K-1 for euo from proshares.

There are zeros all over the form except where in "Capital contributed during the year" and "withdrawal and distributions".

The difference between these two goes into "other income" in Part 3 of the form.

My research has shown that if I were American I would need to file form 1040 to report the paltry $95 under "other income".

Since I am a non-resident alien (I'm a 21 year old guy from Spain so please help me and cut me some slack), do I have to get an ITIN and report the $95 in form 1040nr?

I need help please.

[Pacun]

You didn't let us know important information, such as how much was the withdrawals and distributions. You have to read the tax treaty between "la madre patria" and the USA. You are better off hiring someone to do your taxes.

[jay]

You didn't let us know important information, such as how much was the withdrawals and distributions. You have to read the tax treaty between "la madre patria" and the USA. You are better off hiring someone to do your taxes.

Thanks Pacun.Capital Contributed was $15000 and capital distributed was 15095. "Other income" shows 95 and there are zeros everywhere else.

[Jack from Ohio]

The best advice you will get here is to find a tax professional that is experienced in your situation and let them assist you. You are in way over your head.