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-   -   I am a Resident Alien w/ 1042-S form (https://www.askmehelpdesk.com/showthread.php?t=341603)

  • Apr 14, 2009, 03:54 PM
    RenBHall
    I am a Resident Alien w/ 1042-S form
    I just realized I got a 1042-S tax form from university even though I am resident alien from this year on.
    I didn't work or anything and this form includes only gross income from full scholarship.

    To make it more clearly:
    Box 1: (Inc. code) - 15
    Box 5: (tax rate) - 0.0
    Box 6: (exmpt code) - 04
    Box 7: (federalwithheld) - 0
    Box 8: 0
    Box 9: 0


    Until today I did my taxes through CINTAX, but that's only for non-resident aliens. I was wondering if I have to include this to my return. And if I have to pay taxes on that? Also what software should I use?

    I'm pretty bad with taxes, so any help would be greatly appreciated!
  • Apr 14, 2009, 06:53 PM
    MukatA

    If you are a degree candidate and if the financial aid (includes scholarship and fellowship) is for tuition fee, other fees, books, supplies and equipment, then it is not taxable. For a degree candidate aid for boarding and travel are taxable.
    If you are not a degree candidate, then all the financial aid is taxable.
    Read scholarship and fellowship grants, Your U.S. Tax Return: The U.S. Income Tax Topics 1
  • Apr 14, 2009, 07:13 PM
    RenBHall

    MukatA - Thank you so much for your answer.

    I was a degree candidate and I graduated in December 2008. Gross income in Box 2 is 11,621 (books, fees, supplies... ), so it is not taxable. I didn't get any W-2 or anything else, so do I still have to file tax return (1040, 1040a, 1040ez)? If not do I have to fill form 8843?

    Thank you again,

    Ren
  • Apr 14, 2009, 07:54 PM
    RenBHall
    Actually I just realized that this gross income was not for fees, books etc. but for the apartment and food. So because there was not withheld does that mean I have to pay taxes now?

    Thanks for your help.
  • Apr 14, 2009, 10:43 PM
    MukatA

    Yes, taxable part of scholarship or fellowship is reported as income.
  • Feb 14, 2011, 11:41 AM
    Superpedro
    Hi,

    I am in the same situation as Ren - although I am on a J1 research scholar and therefore not degree seeking. However, I am French and therefore can claim the income tax exemption under the US France Tax Treaty article 21. Yet I will now be a resident for tax purpose this year: can I still claim the treaty? Thanks

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