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    tttanya's Avatar
    tttanya Posts: 8, Reputation: 1
    New Member
    		  
    #1

    Mar 19, 2009, 11:33 AM
    f1 to h1, interest, dividend and capital gains
    Hi,

    I went from F-1 to H-1 in July 2008 and do not meet the substantial
    Presence test.

    If I file 1040NR, should I divide the qualified dividend and bank interest
    Between f-1 and h-1 period to determine the effectively connected vs.
    Not effectively connected income?

    Also, I received capital gains from sale of ESPP while on H-1. Should I use
    Schedule D? Or do I report the transaction on line 89 on pg 4 of 1040NR.

    Thanks, Tanya
    MukatA's Avatar
    MukatA Posts: 7,110, Reputation: 176
    Tax Expert
    		  
    #2

    Mar 20, 2009, 12:11 AM

    No, you do not divide. Check your bank statements for the dates when you received the interest or dividend.
    Yes, for capital gains use schedule D.
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