Hi all.
This is my first time having to file a 1040NR to pay tax on a Rollover IRA -> Roth IRA conversion as a UK citizen/resident, non-US person.
I started filling out my 1040NR using OLT.com on the assumption I would be receiving a 1099-R from my Broker (Schwab Int.) reporting the Roth conversion. However, it turns out it will be reported on a 1042-S instead due to my Foreign status.
Is there a material difference in how I should complete the 1040NR as reported on a 1042-S instead of a 1099-R? I know there are different forms to complete within OLT.com but those do not form part of the filing package, so I'm really talking about the actual 1040NR form itself
e.g. Will the Distribution amount still be input into box 4a and the Taxable amount into box 4b?
I will also be completing Form 8606
Any other considerations I should be aware of?
Many thanks.
Tim