Hi,
I was in OPT (Student from India) from June 2004-June 2005. My visa status changed to H-1 starting fom July 1st. While on OPT, I worked as Independent contractor and I got 1099 for $10000. I have 2 W2's from July through Dec.I pass the substantial presence test. I have to file as dual-status alien. Now I assume these are the forms that I have to file.
1040
1040 NR
SCHEDULE C for the 1099
Now my question is:
Do I have to put the $10000(thru 1099) in the 1040 NR and schedule C. Claim a standard deduction on this. Can I itemize the deductions?
If I claim the standard deduction, then $5000 is the taxable income. Is this the amount that I have to include in 1040.Say My income on H1B is $25000. Then I have to show that $30000 is my total income on 1040. Then claim a standard deduction.
Can I get personal exemptions on both 1040 NR and 1040.
I cannot claim itemized deduction on 1040NR and claim standard deduction on 1040. Is this statement right.
Please throw some light on these questions.