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-   -   Tax on 1099-div qualified dividends for Indian citizen (https://www.askmehelpdesk.com/showthread.php?t=462961)

  • Apr 6, 2010, 11:55 AM
    sandeepg
    Tax on 1099-div qualified dividends for Indian citizen
    I changed my visa from F1/OPT to H1B in October last year. Reading response to some of the questions it seems I have to file 1040-NR this year. My question is related to 1099 forms. As far as I know I don't have to pay any taxes on 1099-INT , however I have question about the taxes on 1099-div (qualified dividends). Do I have to pay taxes on this ? What tax rate applies and where on form do I report this ? Do I get any benefits from India Tax treaty 21(2) ?

    Please answer this question, it's urgent!
  • May 6, 2010, 01:24 PM
    AtlantaTaxExpert
    While the interest is tax-exempt, the dividends are not. The normal tax rates that apply to U.S. citizens apply to you as well.

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