I came to USA in 2006 with H1-B Visa. I am going to file 1040NR-EZ for my 2007 tax report. I just want to know if my bank interest (CD acounts) is non-taxable.

Thanks a lot.

For 2007 you must file resident tax return Form 1040EZ or 1040A or 1040.
You are not nonresident for tax purpose in 2007.

MukatA,

Thanks for you response. Why I am not a nonresident? I am single, income less than 40,000, and 2007 is my second year in USA.

qzhan37

Quote:

---

Originally Posted by qzhan37

MukatA,

Thanks for you response. Why I am not a nonresident? I am single, income less than 40,000, and 2007 is my second year in USA.

qzhan37

---

You should be happy that you can file resident tax return as you will get standard deduction. On your resident return you don't get standard deduction of $5,350. The days on H1-B are not exempt from Significant Presence Test of 183 days. You have completed SPT in 2007 so you are resident for tax purpose.