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kmsprint
Apr 7, 2007, 01:45 PM
Hi,

I was on F-1 till sep 30, 2006 and then my status changed to H1-B. I received some interest when I was on F-1 and some when I was on H1. Do I need to show all this interest as interest income for federal and state tax purposes, or only the interest I earned after going on H-1 status ( I think students are exempt from showing interest income tax)?

Thanks.
AtlantaTaxExpert
Apr 17, 2007, 09:06 AM
You should file as a non-resident alien for 2006. Hence, ALL of the bank interest is tax-exempt for 2006.