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Rohjag
Apr 10, 2007, 09:51 AM
Please respond for some query on Taxes as listed below……
Tax Return Query.. …
I am an Indian Citizen.. Came to US for Masters in 2004
All status changes:

F1 Aug 2004 to Dec 2005
OPT – Jan 9 2006 to Oct 1 2006
H1B from Oct 1 2006.

I had filed 1040NR-EZ for 2004 return, 1040EZ for 2005… Which form should I use to file 2006 return? Are the returns filed before correct?

I have a student loan from a bank in India and paid $1500 as interest money in 2006.. can I take this as a deduction?

Can I claim any expenses as deduction …while I was on F1 & Opt status? (Tution fees,books, or any other) I have not claimed any of these on 2004 and 2005 return.

Also I had moved from SC where I was on F1 status and then moved to CA in 2006 Feb for Job and staying in CA since then. My employer paid $5000 as moving expenses.. does this need to be shown anywhere? What other deduction I can claim with this move.

I bought a used car and paid taxes… can this be deducted?

I have received two W2 forms… one for OPT status till Sep 2006 and other from oct to dec 2006.. (H1B status with SS & Med Tax deductions).. Should I add both w2 wages…please guide?
My opt status started in Jan 9 2006 but I started my job in March 2006.. can I deduct my living or any expenses while I was unemployed?

I had enrolled for 401k plan while I was on H1B ….any thing to do for that?

I hope all questions make sense. Please guide for any good links on taxes for my status.

Thanks

Rohjag

AtlantaTaxExpert
Apr 18, 2007, 07:51 AM
You filed incorrectly for 2005. For both 2005 and 2006, you should file Form 1040NR-EZ. You will need to amend oyur 2005 return with Form 1040X and attach a correctly-prepared Form 1040NR-EZ.

For student loans to be deductible, they must be drawn on U.S. banks or financial institutions.

As a non-resident alien, you CANNOT deduct any education costs.

You do NOT need to show your moving reimbursement UNLESS you claim moving expenses as a deduction.

Yes, combine the two W-2s.

You CANNOT deduct your living expenses while unemployed.

You need do NOTHING regarding your 401K.