Pacun Posted April 10, 2013 Report Share Posted April 10, 2013 Client is abroad and sold a condo at a loss but real estate company correctly withheld 10% and send it to the IRS. The next day, client filed form 8288-B and got the money back because it was sold at a loss. Now it is time to prepare form 1040NR and I can enter the amont withhold but I cannot find a place to enter the amount that was refunded. I am thinking about asking for a huge refund and let the IRS adjust it. What if the IRS doesn't adjust it and send the big check to client? What it I just ignore the withholding and the IRS claims that a huge refund was issued and now wants it back. I guess $52K earns a lot in 6 months and that's why the client wanted the refund back in August 2012. Quote Link to comment Share on other sites More sharing options...
Pacun Posted April 11, 2013 Author Report Share Posted April 11, 2013 I called the practitioner's hot line and they wanted to transfer me to the 1-800-829-1040. I asked what the practitioners hotline was for and she said for account information. Quote Link to comment Share on other sites More sharing options...
Pacun Posted April 12, 2013 Author Report Share Posted April 12, 2013 I thought so. Quote Link to comment Share on other sites More sharing options...
kcjenkins Posted April 12, 2013 Report Share Posted April 12, 2013 Put the refund on Line 59 as "Form 8288-B" Quote Link to comment Share on other sites More sharing options...
Pacun Posted April 13, 2013 Author Report Share Posted April 13, 2013 Thank you. Quote Link to comment Share on other sites More sharing options...
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