Please help.
US partnership paid taxes 35% for Canadian partner by using 8804 form partners ordinary income comes to 20026, it show that 7709 federal taxes were due paid. Also reporting on form 8805, which shows a calculation for ordinary income and tax credit due Canadian Partner $7709.
On the Canadian Partner 1040NR she is paying 2024 as taxes and a refund of 5685 will be coming.
Is this all what needs to happen or there is more.
Please help
thank you
US partnership paid taxes 35% for Canadian partner by using 8804 form partners ordinary income comes to 20026, it show that 7709 federal taxes were due paid. Also reporting on form 8805, which shows a calculation for ordinary income and tax credit due Canadian Partner $7709.
On the Canadian Partner 1040NR she is paying 2024 as taxes and a refund of 5685 will be coming.
Is this all what needs to happen or there is more.
Please help
thank you