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How do taxes in Puerto Rico work?

Puerto Rican residents are taxed in Puerto Rico on their worldwide income, no matter where the income is sourced. Puerto Rican non-residents are only taxed in Puerto Rico on their Puerto Rico-source income. Income for services performed is sourced to Puerto Rico based on where the services are performed.

Can I file 1040-PR online?

Since you cannot prepare and file or e-File a Puerto Rico Tax Return on eFile.com or anywhere online, you can contact the Puerto Rico Department of the Treasury for information on how to do this.

Do citizens of Puerto Rico file US tax returns?

If you're a bona fide resident of Puerto Rico during the entire tax year, you generally aren't required to file a U.S. federal income tax return if your only income is from sources within Puerto Rico.

How do I file my taxes in Puerto Rico?

If you are a bona fide resident of Puerto Rico during the entire tax year, you'll file the following returns: A Puerto Rico tax return (Form 482) reporting your worldwide income. A U.S. tax return (Form 1040) reporting your worldwide income. However, this 1040 will exclude your Puerto Rico income.

What is a Puerto Rico Form 480.6 C?

480.6C. Informative Return - Payments to Nonresidents or for Services from Sources Outside of Puerto Rico. April 15. 480.30. Nonresident Annual Return for Income Tax Withheld at Source.

480 6c form

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Can I file Puerto Rico taxes on TurboTax?

TurboTax does not support Puerto Tax returns. You can file Puerto Rico tax documents at Departamento de Hacienda.

What is a form 480.6 A?

Series 480.6A reports any taxable dividends and/or gross proceeds from realized capital gains or losses in your taxable investment account. This form will also report any interest paid out in your cash account.

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