As a greencard holder who has not renounced residency, you
are still subject to US income tax on your worldwide income.
Because you hold a greencard, the substantial presence test
is irrelevant.

Thus, you are required to file a Form 1040 and you will have
to report your worldwide income. If you meet the definition
of "qualified individual" under Sec. 911(d)(1)(B), "a
citizen or resident of the United States and who, during any
period of 12 consecutive months, is present in a foreign
country or countries during at least 330 full days in such
period," then you may be able to exclude some of your
foreign wages from gross income for US income tax purposes.

To the extent that you cannot exclude some or all of your
foreign wages from gross income under Sec. 911, you would be
entitled to claim either a deduction or a foreign tax credit
for US income tax purposes on account of the foreign taxes
you paid on your foreign wages. However, keep in mind that,
to the extent that you can exclude some of those wages from
gross income under Sec. 911, any foreign taxes you paid with
respect to the excluded amounts cannot be either deducted or
credited for US income tax purposes.

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p...[at]ireland.com wrote:
- quote -

As a green card holder, you must report your world-wide
income and file a 1040, 1040A or 1040EZ. You report your
wages in the country of residence to the US Govenment and
are taxed on the same.

You are permitted a foreign tax credit and/or foreign income
exclusion. The best combination will depend on your
situation.

You may not use the 1040NR.

Sorry.

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L K Williams <l...[at]loxinfo.co.th> wrote:
- quote -

I am a Green card holder but do not meet the substantial
presence test as I have not lived in the US for a number of
years and have not officially abandoned my residency (I will
do so the next time I enter the US).

I opened the IRA while resident in the US as a green card
holder. My income is my country of residence is from wages
and it is taxed. I will not be taxed on my IRA distribution
in my country of residence.

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I presume that you are not a U.S. citizen, that you were a
resident alien when you opened the IRA, that you are now a
nonresident alien for US federal tax purposes (i.e., you do
not currently have a green card, you don't meet the
substantial presence test, and you have properly notified
the IRS of your abandonment of US residency), and that you
are not subject to the expatriation provisions of Sec.
877(e).

Generally, you must report all income that is effectively
connected with a US trade or business (regardless of source)
or that is US-source income that is not effectively
connected with a US trade or business.

Since I have no idea what the rest of your income items are,
the only thing I can say is that your IRA distributions are
reportable on Form 1040NR. For the rest, you should read
through the instructions to Form 1040NR, available online
at:
http://www.irs.gov/instructions/i1040nr/index.html

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p...[at]ireland.com wrote:

- quote -

Before that, are you a US Citizen or Green Card Holder?

Until that is answered, we don't know if you can file a
1040NR. If the first question is yes, you can't file a
1040NR and the rules are different.

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<por[at]ireland.com> wrote:

- quote -


If you have a green card (permanent resident) or are a US citizen, you are
required to report your worldwide income

However, some of it may be offset by foreign tax credits etc

___________________________________
<<< Benjamin Yazersky, CPA [NJ & NY] > > -----> real address on hobokeni or hobokenx <-----

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or[at]ireland.com wrote:

- quote -

You don't say whether you are a US citizen or greencard
holder, just that you live in another country. The answer
depends on this information, however. If you are, you do
not file 1040NR but a regular 1040 and report ALL your
income, not just the IRA distribution.

Whether you have to pay tax in the country where you live
depends on the tax law of that country. Some countries tax
this type of income, others do not.

Lanny K. Williams, CPA
Nawarat, Williams & Co., Ltd.
Income Tax Services for Expatriate Americans

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I will have to file a tax return this year as I have taken a
distribution from a traditional IRA.

I will be filing a 1040 NR as I am no longer living in the
U.S. Do I have to declare all my income in the country I am
living in for the tax return or is the only item I have to
declare the amount from the IRS distribution ?.

Thanks.

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