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form 1040-NR to To claim losses on Disposal of Worthless / Revoked shares against my Withholding tax on Dividend Income

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Level 1
1 )I have filed form 4868 for tax extension ,now I need to submit w-7 with foreign driving license ( no date of birth ,but for Malaysian , the 1st 6 digit of Malaysia national card is our birth date ) , can I submit driving license with national card ( no birth date and expiry date ) as I can’t use my expired passport ... 
 
                     
2 )Am living outside of the U.S. ,will my tax extension be Oct 15th or Dec 15th ?               
                     
3 )Can I submit w-7 together w 1040-NR ?                
                     
4 )To claim losses on Disposal of Worthless / Revoked shares in 2019 against my Withholding tax on Dividend Income , I need to submit 1040-NR attach with Which copy of  B , C or D of 1042-S ?    
                     
5 )I only can claim my $3,000 losses from year 2019 onwards , but not on Prior year of 2018 ?             
                     
6 )Do I need to fill up Form 1040-NR page 4 : Non Effectively Connected Income with a U.S. Trade or Business (Schedule NEC) which is flat rate taxed at 30% on my Dividend Income ?     
                     
7 )Do I still need to fill up Schedule D ? Will 4 ) 1040-NR page 4 : Non Effectively Connected Income with a U.S. Trade or Business (Schedule NEC)  be Sufficient ?       
                     
8 ) Need to fill up form 8949 to support 4 ) or 5 ) ?                
                     
9 )form 1099B can be replace bt Tax Statement from Broker firm stating all the transaction on Disposal of Worthless / Revoked share ?         
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3 Replies 3
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Level 12

Are you preparing someone else's tax return using Lacerte, or your own using Lacerte?

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"Level Up" is a gaming function, not a real life function.
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Level 15

Greetings New User - ,

You’ve come to an Intuit site supporting tax professionals, and you may be looking for support as an individual taxpayer. Please visit the TurboTax Help site for support of the not so professional .

Have a wonderful day!

If you are truly using Lacerte or ProConnect Tax, then clearly align with just one of them.

https://proconnect.intuit.com/community/proconnect-tax-discussions/discussion/form-1040-nr-to-claim-...


ex-AllStar
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Level 15

Whether you are a tax pro or regular taxpayer, there are a lot of gaps in your understanding of foreign national taxation (considered the statements you made and the questions you raised).  As George suggested, you would do yourself justice by engaging a foreign national US tax specialist to assist you with your immediate questions and taxes (and understand the implications of your future investments).

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Still an AllStar