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    merida's Avatar
    merida Posts: 3, Reputation: 1
    New Member
     
    #1

    Apr 8, 2008, 09:39 PM
    F1 over 5 years with wages & scholarship and H1
    Hi,

    I am in confusing situation and would love to get some advice.

    I am in Indian citizen who came to the US in 2002 on F-1
    In 2007, I was in F1/OPT until October and had both 1042-S income and regular income.
    I was under H-1 after that point with income.

    I understand that I can file as a non-resident if I was in H1 status for under 183 days, however this is complicated by the fact that I have been here for more than 5 calendar years.
    1. Can I file as a non-resident?

    If I do file as a resident :
    1. Where do I enter the 1042-S income and address it?
    2. Can I claim the increased standard deduction for Indian students?

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

    Apr 9, 2008, 03:36 AM
    On F1 you are exempt for 5 years. Normally you will file resident tax return.
    Form 1042-S is used for reporting all sort of income to nonresidents. Why is the income for? See code in Box 1.
    merida's Avatar
    merida Posts: 3, Reputation: 1
    New Member
     
    #3

    Apr 9, 2008, 05:40 AM
    The 1042 is for scholarship income. I also have a W2 from the university while I worked there and a W2 from my current employer (who I worked with on OPT and after my H1)

    If I elect to file as a resident:
    1. do I have to wait till June/July?
    2. Can I claim the increased standard deduction for Indians through tax treaty 21(2)?
    merida's Avatar
    merida Posts: 3, Reputation: 1
    New Member
     
    #4

    Apr 9, 2008, 05:47 AM
    The code in box 1 is 15.

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