[rchimni]

Hi All,

I came to the US from India on a F1 in 2006 . Valid till 2009. While in graduate school I interned with a company and have a W-2 for the year 2007 from them. I also have a 1099-INT from my bank for 2007.

I am single , been in the US < 5 years

a) Do I fill 1040NR-EZ or 1040NR.
I think 1040NR as I have the 1099-INT
b) is my 1099-INT taxable?
c) can I take advantage of the India tax treaty. What is the exemption?
d) any other personal expemtions I get ? I shifted house from chicago to cal can I fill 3903 moving expense, do I get tuition and fees deduction as I was attending school

Thanks rajdeep

[MukatA]

You will file non-resident tax return. You income is not subject to Social security and Medicare taxes. Your bank interest is not taxable.
It appears that you will file Form 1040NR-EZ and Form 8843. You will get personal exemption. Also as per tax treaty, you will get standard deduction. If you are married you can claim exemption for your spouse if spouse did not have any income. Read Read: Your U.S. Tax Return: U.S. Tax Filing Requirements for Non-Residents

About moving expenses, read: Your U.S. Tax Return: Moving Expenses

[rchimni]

Thank you , that helps a lot.
Much easie without the 1040NR

A quick follow-up

In 2007 the standard deduction for a single or married filing separately is $5,350 and the personal expemtion is 3000?

And does the indian tax treaty not apply as I don't have a spouse or child

[AtlantaTaxExpert]

For 2007, the standard deduction was $5,350 and the personal exemption was $3,400.

For 2008, the standard deduction will be $5,450 and the personal exemption was $3,500.

The Indian Tax Treaty applies regardless of your marital status, so you WILL be able to claim the standard deduction.

However, because you are filing as a non-resident alien, you are NOT eligible for any of the education credits or deductions.