Ask Experts Questions for FREE Help !
Ask
    vikasclear's Avatar
    vikasclear Posts: 2, Reputation: 1
    New Member
     
    #1

    Feb 3, 2007, 08:44 PM
    1099G (Filled 1040 NR EZ) and accepted 5000 standard deduction last year
    Hi
    I had filled in a 1040 NR EZ last year. And in Line 11 for itemized deduction I used the 5000$ standard deduction for student from india (Was on F1/H1B in 2005 and H1B in 2006). Now I got a 1099G for my state tax returns. Everyone is saying if you did itemize your last year federal returns then you need to use it or else not. Now I am confused if I need to do anything with this 1099G stuff with this years federal return or should I just ignore it. Also I'm not sure which form to use now since I have been on H1B all year. Any help is highly appreciated.
    Vikas
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
     
    #2

    Feb 3, 2007, 11:35 PM
    Vikas:

    You did NOT itemize. The $5,000 you claimed is the STANDARD deduction, not an itemized deduction (despite of the fact that Line 11 is marked ITEMIZED Deduction).

    BOTTOM LINE: Ignore the Form 1099G.
    vikasclear's Avatar
    vikasclear Posts: 2, Reputation: 1
    New Member
     
    #3

    Feb 4, 2007, 01:05 PM
    Hey AtlantaTaxExpert
    That was a real quick reply. Thank you for clearing my doubt. Will using 1040 EZ (not 1040 NR EZ) be the best for me? I don't have any mortgage/extra income etc other than 1099-INT that too just for 18$. Thanks again for your help.
    Vikas
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
     
    #4

    Feb 4, 2007, 01:21 PM
    Unless you have some unusual work situation (like being paid on a Form 1099-MISC), you can probably file Form 1040EZ.

    If you need my professional tax help, contact me at [email protected].

Not your question? Ask your question View similar questions

 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Standard deduction for H1B/OPT [ 8 Answers ]

I cannot decide if I am eligible to claim the $5000 (or 4850?) standard deduction. I was on an F-1 visa until Sep 30 this year (on OPT from June 29 - Sep 30). I have been on H1-B since Oct 1. I suppose that means I count as a non-resident for tax purposes. Now, according to pub 519,...

F1 to H1B - Itemized Deduction/ Standard Deduction? [ 17 Answers ]

Dear all, My status in US changed from F1 to H1B in mid Nov 2004. I was on F1 from Sep 2002-Nov 2004. Will I be able to take the standard deduction ? If so will it be under the US-India treaty? Please help. Regards.

Standard deduction Vs Itemized deductions [ 2 Answers ]

Hi My tax filing status is married filing jointly. I want to know how much we will get back from Uncle Sam if my itemized deduction is more than the standard. Let say my standard deduction is $10,300 and itemized deduction is $20,300 (say we own home and pay mortgage interest). So how much I will...

Regarding $5000 standard deduction.. [ 3 Answers ]

Hello ATE & others, I was reading pub501, pub901 and 1040NR-EZ instructions regarding the $5000 exemption for students from India. However, I am unclear about the correct way to report it in 1040NR-EZ. Could you please let me know which of the following is appropriate? 1. Deduct it from total...

Standard Deduction Vs itemized Deduction [ 4 Answers ]

Hi, I am an Indian citizen. I as on a F1 status till Oct 18th 2004 and then I got converted to a H1B on Oct 18th 2004. I do not pass the standard presence test. Correct me if I am wrong, but I guess I have been able to determine that I am a Non Resident Alien and not a dual-status nonresident...


View more questions Search