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    immortal's Avatar
    immortal Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Feb 8, 2008, 11:54 AM
    1042-S and 1040
    Hi,

    I am in H1B status for the past 3 years and have been filing my taxes in the 1040 form since I am considered a resident for tax purposes.

    I am also doing my Phd part time.. Last year I received about a $8500 fellowship. ( I received around $7300 after a tax withholding). This was a merit based fellowship and is not in return for any service performed.

    The questions I have are.

    1) Do I need to declare this income in form 1040 ? (I don see any place to do that) I also believe I am exempt from Tax ?

    2) Will be able to get a refund of the $1200 that was withheld from the fellowship ?
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    Feb 13, 2008, 12:15 PM
    1) Yes, you claim it as "Other Income" on Line #21 of Form 1040.

    2) You may or may NOT be exempt. I would have to examine the Form 1042-S to be sure.
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