My client receives royalties on a 1042-S from the USA and is a Non-resident. How do I report the income?
He was not in the USA all year and he will pay tax on this in Spain>
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1040NR
Yes I know he files a 1040NR but there is no form to enter a 1042-S.
Also if he's covered under the treaty, does he still need to pay tax on the royalties received from a US source ? He will pay tax on these in Spain.
Enter it as you would any other royalty.
"covered under the treaty" is pretty vague.
You need to know specifically what the treaty says about US taxation.
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