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-   -   Taxable Interest (f1 To H1b In Oct) (https://www.askmehelpdesk.com/showthread.php?t=22189)

  • Mar 4, 2006, 09:31 AM
    MKD
    Taxable Interest (f1 To H1b In Oct)
    Dear Atlanta Expert and other friends,

    Thank you for this website and your contribution.

    I have question regarding taxable interest. On October 1, 2005, my status was change from F1 to H1B, As per the sticky note, I should be filling the 1040 NR + 8843.

    My question is about taxable interest. My bank has sent me 1099-INT form which includes interest for entire year.

    1. Do I report this interest as taxable interest on 1040 NR even through I am not Non Resident Alien (less than 183 days).
    2. Do I report the entire amount?
    3. Can I use 1040NR-EZ if this interest is not taxable.
    4. Do I have to fill any other form other than 8843 and 1040NR/NR-EZ.

    Please advice,
    Thanking you
    MKD
  • Mar 4, 2006, 11:46 AM
    AtlantaTaxExpert
    MKD:

    If you are reporting as a non-resident alien, the interest is all non-taxable.

    That being the case, you can file Form 1040NR-EZ and 8843. Those are the only forms that have to be filed for 2005.
  • Mar 5, 2006, 01:00 PM
    MKD
    Thank you Atlanta Expert.
  • Mar 5, 2006, 06:56 PM
    AtlantaTaxExpert
    Glad to help!

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