Residents of U.S. Possessions - Form 8898 Bona Fide Residence
Beginning with tax year 2001, an individual with worldwide gross income of more than $75,000 must file Form 8898 (PDF) for the tax year in which the individual becomes or ceases to be a bona fide resident of one of the following U.S. possessions: American Samoa, Guam, the Commonwealth of the Northern Mariana Islands, the Commonwealth of Puerto Rico, or the U.S. Virgin Islands. The form is required to be filed by Internal Revenue Code section 937, which was added by the American Jobs Creation Act of 2004 (Public Law 108-357), and Treasury Regulation section 1.937-1(h).
For married individuals, the $75,000 filing threshold applies to each spouse separately.
The bona fide residence rules for the U.S. Possessions named above may be found in Chapter 1 of IRS Publication 570 Tax Guide for Individuals with Income From U.S. Possessions.
Note: This page contains one or more references to Internal Revenue Code (IRC) sections. A link to the Internal Revenue Code is included for the convenience of those who would like to read the technical reference material. To access the applicable Internal Revenue Code sections visit the Tax Code, Regulations, and Official Guidance page.
