Schedule C instructions Form 2016-2024

2016 Schedule C instructions Form: What You Should Know

Alaska, Hawaii, or Puerto Rico Income derived from activities or properties in the U.S., Puerto Rico, or Alaska, but not including any income with respect to which: The taxpayer is not a resident of Puerto Rico; or The taxpayer is a qualified alien having present in the U.S. for at least 330 full calendar days during 2016: and the gross income of the taxpayer for the taxable year from Puerto Rico or Alaska (exclusive of income from income-producing property) is of  2,400 or less  and 3,200 or less  or any amount determined by the taxpayer to be income from a source without Puerto Rico, Alaska, or Hawaii; and if the taxpayer is a nonresident alien individual, no tax was withheld at any time for this income source. No more than 1,000 square feet of taxable production space or gross floor area. Any portion of the gross floor area which is less than 150 square feet and not more than 25 square feet of which has 10 or fewer guest rooms or units (including room for use while away from the principal place of business) and all other nonbusiness space on the property is in excess of the above limits and is subject to tax. The gross floor area of certain qualifying condominium units owned or leased by a nonresident alien individual for their principal place of business may be in excess of 25 sq. feet for the area of the housing unit. The amount excluded from gross floor area does not include any land improvements or land improvements on the property by a foreign person. The qualifying nonresident alien may be married filing jointly and the foreign person and alien spouse are unmarried. C.

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