NRA Foreign Partner Tax Reporting Requirements

artnership formed in the US; has two partners one partner is a resident the other partner is a nonresident US partner. The partnership will be fifty – fifty ownership but the foreign US partner share losses and gains of the partnership is 0% for now as the resident partner performs all the services.

Partnership Tax Reporting For Non-Resident Alien Partner

Partnership has two partners, one is a nonresident foreign partner who lives in Greece the other is a US citizen. They’re sources of income are capital gains and fee’s received for the management of clients’ portfolios. Both partners are actively involved in the business so I would say it’s effectively connected income to the non-resident alien partner.