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nnmf
Mar 30, 2009, 05:09 PM
I'm F1-OPT status... Do I have to declare for interest earned from a us bank that aver over $10 and less than $200?? Also can I deduct moving expenses if why met requirements such as more than 39 weeks of work and more than 50 miles from old home? Could I deduct also some expenses related to job search and stuff like that??

Thank you

MukatA
Mar 30, 2009, 05:37 PM
For nonresidents bank interest is not taxable. You can deduct moving expenses if you meet the requirements. Read: Your U.S. Tax Return: Moving Expenses (http://taxipay.blogspot.com/2008/02/moving-expenses.html)

Job search expenses are not deductible.

nnmf
Mar 30, 2009, 08:15 PM
Thank you for you help...
Do I have to put the interest earned on the 1040NR "other information" "L" or it is not necessary? Could I also deduct job search expenses or not?

MukatA
Mar 31, 2009, 01:35 PM
"In addition, interest from a U.S. bank, savings and loan association, credit union or similar institution, and from certain deposits with U.S. insurance companies, is tax exempt to a nonresident alien if it is not effectively connected with a U.S. trade or business."

nnmf
Apr 1, 2009, 05:51 AM
Could I also deduct job search expenses or not?

AtlantaTaxExpert
Jun 2, 2009, 08:43 AM
Yes, you can deduct these expenses as ITEMIZED MISCELLANEOUS DEDUCTIONS.