Hi,

I lived in the US from 2000-2004. I've lived outside the US since 2004. I held a green card for 6 odd years before surrendering it on 31-Dec-07. For the years 2004-2007, I filed as tax resident even though I was out of the country, because I held a green card.

Its time to file my 2008 tax returns - and because I no longer have a green card, I presume I can file 1040-NR; and it is due on Jun-15, instead of Apr-15.

I have no US earned salary/wages and typically only make 2-3 business trips per year (i.e. 2-3 weeks) to the US. With these, would appreciate some help understanding tax status of :

b) my rental property in US -
c) some mutual fund dividends
d) some bank interest
e) some capital gains (mixed short/long term) from selling shares.
f) made some cash donations to US based charities in 2008

How would all of the above items be treated from a tax perspective? Are they all tax exempt?

Thanks

If you surrendered your Green Card on 31 December 2007, then you are correct in filing Form 1040NR with a Schedule E for the U.S. rental property.

The mutual fund dividends and capital gains may or may not be taxable; it depends on your home country and whether there is a tax treaty with the U.S.

The bank interest more than likely is tax-exempt.

The donations may be deductible as an itemized deduction against the income from the rental property.

Contact me at [email protected] if you want professional help filing your return.

I agree you should file Form 1040NR.

The taxability of mutual fund distributions depends on what the mutual fund invested in and may depend on a tax treaty.

Capital gains on personal property unrelated to any U.S. business (or to your rental) should be exempt.

Bank interest should be exempt.

Charitable deductions should be allowed.