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In TaxSlayer Pro, to exclude Puerto Rico income from a return where the taxpayer is a bona fide resident of Puerto Rico, from the Main Menu of the tax return (Form 1040) select: Income. Other income. Section 933 Excluded Income from Puerto Rico.
Self-employed persons in Puerto Rico use Form 1040 (PR) to compute self-employment tax.
IRS Publication 570 specifically states, If all of your income is from Puerto Rico sources, you are not required to file a U.S. tax return. Publication 570 goes on to state that if a bona fide resident of Puerto Rico has other income, (s)he must file a U.S. tax return reporting income from worldwide sources, but
One of the greatest of many Puerto Rico tax benefits is the Act 60 Investor Resident Individual Tax Incentive (formerly Act 22), which allows you to pay 0% federal or Puerto Rico capital gains tax on all capital gains incurred during the time that you qualify as a bona fide Puerto Rico resident living in Puerto Rico.
You must become a resident of Puerto Rico, and you must reside there for at least 183 days a year, or meet one of several other tests that are less clear cut. Perhaps the hardest overall test to meetwhich comes as a kind of overlay on everything elseis the closer connections test.

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480.6C - Form 480.6C is intended for non-residents of Puerto Rico. It covers investment income that has been subject to Puerto Rico source withholding. 480.6D - Form 480.6D is intended for residents of Puerto Rico. It covers exempt income and income subject to the Puerto Rico Alternate Basic Tax (ABT).
Who must file an income tax return in Puerto Rico? Every individual who during the taxable year has net income subject to alternate basic tax of $150,000 or more.
What is IRS Form 480.6A? Form 480.6A is issued by the government of Puerto Rico for the filing of informative returns on income not subject to withholding.
Generally, if you are a Puerto Rico bona fide resident, you must file a Puerto Rico tax return. If you are not a bona fide resident of Puerto Rico, you must file both a Puerto Rico tax return and a U.S. tax return. If you are a member of the United States Armed Forces, special tax rules may be applied.
What is IRS Form 480.6A? Form 480.6A is issued by the government of Puerto Rico for the filing of informative returns on income not subject to withholding.

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