Internal Revenue Service United States Department of the Treasury
Level Basic Advanced Military International

Nonresident Income and Deductions

Taxation of Nonresidents

Interest Income (continued)

Case Study (continued)

The $50 from Antoine's cousin is not from the banking business, nor is it connected to his trade or business of studying. Therefore, it is reported on Form 1040NR. The $300 interest from the credit union is excluded from income, and does not have to be reported.