668142
You'll need to sign in or create an account to connect with an expert.
As a F-1 visa holder, you are considered as "exempt" meaning not counting days for five years starting from the date of your first arrival in the United States. After the five years period, you will start counting days by using the Substantial Presence Test to see if you qualify to be treated as a US resident for tax purposes.
In your situation, you are considered as a nonresident from 2010-2014 filing a Form 1040-NR. Starting from 01/01/2015, you will start counting your days. If you meet the Substantial Presence Test in 2016, you will be considered a US resident for tax purposes and file a Form 1040 for your tax year of 2016.
First, you have to report your full income. Then you can enter the treaty exempt amount as negative income under "Less Common Income". You will have to file form 8833 to claim an exception. You cannot e-file but can use Turbotax to prepare your return, print them out and submit along with the form 8833.
Here are the instructions:
1. Enter your full income accordingly. Then enter the treaty exempt amount as negative amount ( -5000) under Federal Taxes / Less Common Income / Miscellaneous Income 1099A, 1099C / Other Reportable Income
2. You will have to file form 8833 from IRS to claim an exception. https://www.irs.gov/pub/irs-pdf/f8833.pdf
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
Mbdarkhorse
New Member
anonymouse1
Level 5
in Education
ripepi
New Member
ir63
Level 2
Donald-Palmadessa11
New Member