dkb
Mar 26, 2006, 04:55 PM
Hello ATE & others,
I was reading pub501, pub901 and 1040NR-EZ instructions regarding the $5000 exemption for students from India. However, I am unclear about the correct way to report it in 1040NR-EZ. Could you please let me know which of the following is appropriate?
1. Deduct it from total income and then enter the remainder of income in line 3 (Wages,salaries etc.), enter $5000 in line 6 and report it on page 2 (section j)
OR
2. Report as a standard deduction in line 11, enter $5000 in line 6 and report it on page 2 (section j)
Thanks...
I was reading pub501, pub901 and 1040NR-EZ instructions regarding the $5000 exemption for students from India. However, I am unclear about the correct way to report it in 1040NR-EZ. Could you please let me know which of the following is appropriate?
1. Deduct it from total income and then enter the remainder of income in line 3 (Wages,salaries etc.), enter $5000 in line 6 and report it on page 2 (section j)
OR
2. Report as a standard deduction in line 11, enter $5000 in line 6 and report it on page 2 (section j)
Thanks...