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

    Mar 5, 2007, 07:15 PM
    Dual Status Return
    Hi,

    Sorry to ask this question again on the forum but I just want to be sure that I am filing the taxes correctly.

    F1 - Jan 2003 - May 2005
    OPT - Jun 2005 - 18th Feb 2006
    H1B - 19th Feb 2006 - Dec 2006

    Filed 1040NR for 2003, 2004, 2005 and was present in US for 315 days in 2004, 350 in 2005 and 362 in 2006.

    I'm an Indian Citizen and Single. I have two W-2s with bank interest from ING direct. I wanted to ask you:

    1. Is my filing status "Dual Status"

    2. If above is Yes, then I should be filing 1040 and 1040NR and should I opt for standard deductions or Itemized Deductions according to my status.

    3. In 1040 form the line 7 Wages, Salaries should be the sum of both W-2 and Line 8a should be the interest from ING Direct and calculate the itemized deduction accordingly.
    And, in 1040NR form Line 8 Wages, Salaries should be just the income in W-2 for non-resident period and calculate the itemized deductions accordingly.

    Thanks in advance... :)
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,815, Reputation: 846
    Senior Tax Expert
     
    #2

    Mar 7, 2007, 09:04 PM
    1) Yes.

    2) Yes.

    3) No. You report the all of the W-2 income and pro-rate the interest on the Form 1040. All tax calculations are done on the Form 1040. The income eanred while on F-1 is reported on Form 1040NR, but no tax calculations are done, so no deduction need be entered.
    taxadvice's Avatar
    taxadvice Posts: 3, Reputation: 1
    New Member
     
    #3

    Mar 8, 2007, 06:47 AM
    Thanks a lot for the help. You are doing a Great job clearing doubts and helping people...
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,815, Reputation: 846
    Senior Tax Expert
     
    #4

    Mar 10, 2007, 12:32 AM
    Glad to help!

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