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    nnmf's Avatar
    nnmf Posts: 4, Reputation: 1
    New Member
    		  
    #1

    Mar 30, 2009, 05:09 PM
    F1-OPT status.Do I have to declare for interest earned from a us bank?
    I'm F1-OPT status... Do I have to declare for interest earned from a us bank that aver over $10 and less than $200?? Also can I deduct moving expenses if why met requirements such as more than 39 weeks of work and more than 50 miles from old home? Could I deduct also some expenses related to job search and stuff like that??

    Thank you
    MukatA's Avatar
    MukatA Posts: 7,110, Reputation: 176
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    #2

    Mar 30, 2009, 05:37 PM

    For nonresidents bank interest is not taxable. You can deduct moving expenses if you meet the requirements. Read: Your U.S. Tax Return: Moving Expenses

    Job search expenses are not deductible.
    nnmf's Avatar
    nnmf Posts: 4, Reputation: 1
    New Member
    		  
    #3

    Mar 30, 2009, 08:15 PM

    Thank you for you help...
    Do I have to put the interest earned on the 1040NR "other information" "L" or it is not necessary? Could I also deduct job search expenses or not?
    MukatA's Avatar
    MukatA Posts: 7,110, Reputation: 176
    Tax Expert
    		  
    #4

    Mar 31, 2009, 01:35 PM

    "In addition, interest from a U.S. bank, savings and loan association, credit union or similar institution, and from certain deposits with U.S. insurance companies, is tax exempt to a nonresident alien if it is not effectively connected with a U.S. trade or business."
    nnmf's Avatar
    nnmf Posts: 4, Reputation: 1
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    #5

    Apr 1, 2009, 05:51 AM
    Could I also deduct job search expenses or not?
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #6

    Jun 2, 2009, 08:43 AM
    Yes, you can deduct these expenses as ITEMIZED MISCELLANEOUS DEDUCTIONS.
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