Get Form 8898 (rev. October 2024). Statement For Individuals Who Begin Or End Bona Fide Residence In A

This guide provides clear instructions for completing Form 8898 (Rev. October 2024), the statement for individuals who begin or end bona fide residence in a U.S. territory. Whether you are transitioning your residency status or notifying the IRS, this resource aims to simplify the process.

Follow the steps to effectively complete the Form 8898 online.

1. Press the ‘Get Form’ button to access the document and open it in your preferred editor.
2. Fill out your personal information including your social security number, name, and the address before your change in bona fide residence status.
3. In Part I, indicate your status: check the appropriate box to describe whether you became or ceased to be a bona fide resident during the specified tax year, then enter that tax year.
4. Identify the U.S. territory relevant to your bona fide residency status from the provided list.
5. Respond to questions regarding your U.S. citizenship or resident alien status, and provide your worldwide gross income for the year and the previous three-year average.
6. Indicate whether you had a closer connection to the United States or a foreign country than the U.S. territory during the tax year.
7. For Part II, input the dates of your move to and from the U.S. territory. Document the number of days present in the U.S. and U.S. territory during the tax year.
8. Detail your significant connections to the United States during the tax year, including whether you had any earned income from U.S. sources.
9. In Part III, provide information about your tax home, your family location, and the location of your personal belongings. Answer questions concerning your routine banking activities and voter registration.
10. In Part IV, disclose your source of income, office location (if any), and any trade or business activities conducted in the U.S. territory.
11. Review your responses for completeness, sign and date the form, then save the changes, download, print, or share the form as needed.

Complete your Form 8898 online today to ensure compliance with IRS requirements.