Ask Me Help Desk

Ask Me Help Desk (https://www.askmehelpdesk.com/forum.php)
-   Taxes (https://www.askmehelpdesk.com/forumdisplay.php?f=320)
-   -   OPT-H1-1040NR-6251-Alternative Minimum Tax (https://www.askmehelpdesk.com/showthread.php?t=24339)

  • Apr 10, 2006, 08:11 AM
    harrry
    OPT-H1-1040NR-6251-Alternative Minimum Tax
    Hello All,

    I am also in a situation which many have already discussed about in this forum. I have also transitioned from OPT to H1 in 2005. But since my status started in October, I had the advantage of filing NR form and taking advantage of the US-India tax treaty.

    However I had got the 1099-INT form from my bank and since there is nowhere in 1040NREZ that you can list your taxable interest, I am forced to file 1040NR... along with 8843.

    After the tax calculation in 1040NR on line 41, there is something about Alternative minimum tax. I couldn't see any discussion about this anywhere in the forum and I think they ask us to attach form 6251 for this...
    Could anyone please give me some advice regarding this... I am quite confused. :confused:
  • Apr 10, 2006, 01:31 PM
    vaya
    Most likely ignore. If you got only wages and taxable interests, you don't have to worry about it.

    Vaya
  • Apr 11, 2006, 09:01 AM
    AtlantaTaxExpert
    Vaya is probably correct, except that I believe that the interest is NOT taxable (at least the interest earned while you were on F-1 visa status).

    AMT can kick in if your salary is high enough. Unless your salary exceeded $150K, don't worry about it.

  • All times are GMT -7. The time now is 07:31 PM.