Quick question

[ILLMAS]

Hopefully I can get a quick response back from someone that would know, TP lives in a foreign country, his work has different satellite offices in the US, so during one of his work visit he bought an investment property, that he rents for 8-10 months and he lives there when he comes and works in the U.S..  20 years ago he came and studied in the U.S. through a student visa and a SS# was assigned to him, so the rental property loan is under his SS#.  Fast forward, because of work, he has various investment accounts as a foreigner.  Now that he has the investment property to report as a non-resident, should the U.S. investments (he reports in his home country) be reported on his personal tax return or only the rental property?  In the past years he submits for W8-BEN to his broker and I would also like to know if it is necessary.

 

Thanks

 

MAS

[Lion EA]

Citizen?  Permanent resident?  Report worldwide income.

[ILLMAS]

Citizen?  Permanent resident?  Report worldwide income.

 

None of the above

[Lion EA]

Green card holder?  On what basis did he receive a SSN and right to work in the US?  Or, what treaty provision have you used to not report his worldwide income?

[ILLMAS]

Green card holder?  On what basis did he receive a SSN and right to work in the US?  Or, what treaty provision have you used to not report his worldwide income?

He got the SSN 20 yrs ago, when he was on a student visa.

 

Now he has a business visa, however the wages he earns while working in US are paid in his home country. 

[Pacun]

Report all income directly related to US sources on form 1040NR using his social security number.

 

How he got his social security card is irrelevant as long as the SS# is valid. What really matters is that he is not a resident (because of physical presence), he is not a Legal Permanent Resident (green card holder) or US Citizen.