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Old 04-17-2011, 12:47 PM
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Questions about investment income tax for F1 and resident alien in 1040 form

I came to U.S. for study in August 2005, and transferred to another school in the summer of 2010. I have been holding F1 visa since 2005.

For the first five years, I had been filling out 1040NR. Now it is my first time to fill out 1040, since I have been living in U.S. for more than five years, and qualified as resident alien for tax purpose.

I have some questions regarding filling out 1040 as resident alien:

1. Is the tax rate on investment income for me as resident alien same as for a US Citizen or Permanant Resident? If not, what are some differences?

2. Are the interest, capital gain,etc of mutual fund still viewed as not effectively connected with U.S. Trade/Business, as they were when I filled 1040NR in the first five years?

3. Where in 1040 shall I put the following investment incomes :

From 1099-INT:
Tax-Exempt Interest
Specified Private Activity Bond Interest

From 1099-DIV:
total ordinary dividends include qualified dividends
qualified dividends
total capital gain distributions
foreign tax paid

Thanks and regards!

P.S. If this is not the right place to ask my questions, do you happen to know where I shall ask?


Last edited by timlee : 04-17-2011 at 01:04 PM.


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