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Old 04-11-2014, 02:29 AM
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Puerto Rico Resident Return

If anyone out there has any experience with filing returns in Puerto Rico, I could really use some help!

I am helping a friend who is a PR resident do her taxes for the first time ever, she's a recent college grad. I did her US Federal and State returns just fine, but I am having a lot of trouble with PR. She has some wage income from PR, wage income from the US, and 1099s from the US. From what I gather, she needs to declare all her income in PR, and then take a credit for taxes paid in the US?

I am using the software PR Soft but I am having a lot of trouble navigating it, particularly in inputing her US income. Any tips or advice would be greatly appreciated!!



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Old 04-12-2014, 03:09 AM
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Originally Posted by petragooch View Post
If anyone out there has any experience with filing returns in Puerto Rico, I could really use some help!

#1;I am helping a friend who is a PR resident do her taxes for the first time ever, she's a recent college grad. I did her US Federal and State returns just fine, but I am having a lot of trouble with PR. She has some wage income from PR, wage income from the US, and 1099s from the US. From what I gather, she needs to declare all her income in PR, and then take a credit for taxes paid in the US?

#2;I am using the software PR Soft but I am having a lot of trouble navigating it, particularly in inputing her US income. Any tips or advice would be greatly appreciated!!
#1;I guess so; she needs to determine how her income will be taxed. As she is a bona fide resident of Puerto Rico, she may have to file two tax returns: one for Puerto Rico and a second for the irs. her Puerto Rican tax return includes all income from all sources from us and pr. Any income earned in the U.S. may be claimed as a credit against her Puerto Rican tax liability. This credit is determined by the income taxes she pays to the us.. However, if all her income is earned in Puerto Rico, she will not have to file a U.S. tax return as her tax liab to irs is zero..


#2;I guess you need to contact the software vendor asap for accurate tech help.
Puerto Ricans are US citizens because of a US Congress law passed in 1917, and not just simply because the island of Puerto Rico is a US territory



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