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Is a non-resident with a US brokerage account and tax withheld eligible for a refund?
Is a non-resident with a US brokerage account and tax withheld eligible for a refund?
Kirsten Simmons avatar
Written by Kirsten Simmons
Updated over 4 months ago

Yes, a non-resident with a U.S. brokerage account from which taxes have been withheld is eligible for a refund.

Firstly, tax withheld on capital gains can be recovered, allowing you to claim a refund.

Secondly, if you received dividend income in addition to capital gains, you might be eligible for a reduced tax rate if your country of residence has a tax treaty with the U.S.

To help you claim this refund, TFX can assist you in filing a non-resident U.S. tax return (Form 1040-NR).

Filing a standard 1040NR form costs $500 (including one W-2). Each additional form (W-2, 1099, 1042-S, etc.) costs $50.

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