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-   -   F1-->OPT(1099 Misc)-->H1B (https://www.askmehelpdesk.com/showthread.php?t=23565)

  • Mar 28, 2006, 02:33 PM
    desi1234
    F1-->OPT(1099 Misc)-->H1B
    Heloo Tax Expert,
    I was on F-1 visa as student from Jan 2005 - June 2005
    OPT on F1 visa from July 2005 -->November 2005
    H1-B in December 2005 for 1 month.

    I think I qualify as non resident alient and should fill out form 1040NR.
    Also am I qualified for both 5000+3200 deductions/exemptions?

    During my OPT I wokred as 1099 Misc, so can I also claim some itemized deductions for that?

    Thanks in advance

    Ashish
  • Mar 29, 2006, 10:19 AM
    AtlantaTaxExpert
    Ashish:

    You are a non-resident alien and should file Form 1040NR. You need to also file Schedule C for the Form 1099-MISC income. You can claim deductions for expenses associated with the Form 1099-MISC income on the Schedule C.

    If you are an Indian national, you can claim the $5,000 standard deduction and the $3,200 personal exemption.
  • Mar 31, 2006, 03:04 PM
    desi1234
    Thanks Sir
    Yes I am an Indian national. So that means I can claim 5000 + 3200 + Itemized deductions.
    I was unsure if I can claim all 3 of them.

    Ashish
  • Apr 1, 2006, 01:39 PM
    AtlantaTaxExpert
    You can claim the $3,200 personal exemption.

    You claim the $5,000 standard deduction

    OR

    The itemized deductions.

    Whichever is greater.

    But NOT BOTH!

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