Instructions For Form 1040nr-Ez - U.s. Income Tax Return For Certain Nonresident Aliens With No Dependents - 2017 Page 8
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35services, such as teaching, research, or
Student Loan Interest Deduction
other services. Also, many tax treaties
Keep for Your Records
Worksheet—Line 9
do not permit an exemption from tax on
scholarship or fellowship grant income
See the instructions for
line
9, earlier, before you begin.
unless the income is from sources
1. Enter the total interest you paid in 2017 on
qualified student
outside the United States. If you are a
loans
(defined earlier). Do not enter more than $2,500 . . . . . . 1.
resident of a treaty country, you must
know the terms of the tax treaty
2. Enter the amount from Form 1040NR-EZ,
between the United States and the
line 7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2.
treaty country to claim treaty benefits on
3. Enter the amount from Form 1040NR-EZ,
Form 1040NR-EZ. For details, see the
line 8 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3.
instructions for
item J
of Schedule OI,
4. Subtract line 3 from line 2 . . . . . . . . . . . . . . . . . 4.
later.
When completing Form 1040NR-EZ,
5. Is line 4 more than $65,000?
do the following.
No.
Skip lines 5 and 6, enter -0- on line 7,
Enter $0 on line 5. The $9,000
and go to line 8.
reported to you in box 2 of Form 1042-S
Yes. Subtract $65,000 from line 4 . . . . . . . 5.
is reported on line 6 (not line 5).
Enter $9,000 on line 6.
6. Divide line 5 by $15,000. Enter the result as a decimal
Enter $0 on line 8. Because none of
(rounded to at least three places). If the result is 1.000 or
the $9,000 reported to you in box 2 of
.
more, enter 1.000 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6.
Form 1042-S is included in your income,
7. Multiply line 1 by line 6 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7.
you cannot exclude it on line 8.
Include on line 18b any withholding
8. Student loan interest deduction. Subtract line 7 from line 1.
shown in box 10 of Form 1042-S.
Enter the result here and on Form 1040NR-EZ, line 9 . . . . . . . 8.
Provide all the required information in
item J of Schedule OI on page 2 of Form
1040NR-EZ.
Qualified student loan. This is any
degree, certificate, or similar program at
loan you took out to pay the qualified
an eligible educational institution. An
Line 6—Treaty-exempt income.
higher education expenses for any of
eligible educational institution includes
Report on line 6 the total of all your
the following individuals.
most colleges, universities, and certain
income that is exempt from tax by an
vocational schools.
income tax treaty, including both
1. Yourself or your spouse.
effectively connected income and not
For more details on these expenses,
2. Any person who was your
effectively connected income. Do not
see Pub. 970.
dependent when the loan was taken
include this exempt income on line 7.
out.
Eligible student. An eligible
You must complete
item J
of
3. Any person you could have
student is a person who:
Schedule OI on page 2 of Form
claimed as a dependent for the year the
Was enrolled in a degree, certificate,
1040NR-EZ to report income that is
loan was taken out except that:
or other program (including a program
exempt from U.S. tax.
of study abroad that was approved for
a. The person filed a joint return,
Line 8—Scholarship and fellowship
credit by the institution at which the
b. The person had gross income
grants excluded. If you received a
student was enrolled) leading to a
that was equal to or more than the
scholarship or fellowship grant and were
recognized educational credential at an
exemption amount for that year ($4,050
a degree candidate, enter amounts
eligible educational institution; and
for 2017), or
used for tuition and course-related
Carried at least half the normal
expenses (fees, books, supplies, and
c. You could be claimed as a
full-time workload for the course of
equipment), but only to the extent the
dependent on someone else's return.
study he or she was pursuing.
amounts are included on line 5. See the
The person for whom the expenses
Line 11—Itemized deductions. Enter
examples in the instructions for
line
5,
were paid must have been an eligible
the total state and local income taxes
earlier.
student (see
Eligible
student, later).
you paid or that were withheld from your
Line 9—Student loan interest deduc-
However, a loan is not a qualified
salary in 2017. Use the
Itemized
tion. You can take this deduction if all
student loan if (a) any of the proceeds
Deductions
Worksheet, later, to figure
of the following apply.
were used for other purposes, or (b) the
the amount to enter on line 11 if the
1. You paid interest in 2017 on a
loan was from either a related person or
amount on line 10 is more than:
qualified student loan (defined next).
a person who borrowed the proceeds
$261,500 and you checked filing
under a qualified employer plan or a
status box 1, or
2. Your filing status is single.
contract purchased under such a plan.
$156,900 and you checked filing
3. Your modified AGI is less than
To find out who is a related person, see
status box 2.
$80,000. Use lines 2 through 4 of the
Pub. 970.
If, during 2017, you received any
Student Loan Interest Deduction
refunds of, or credits for, income tax
Worksheet
to figure your modified AGI.
Qualified higher education
paid in earlier years, do not subtract
expenses. Qualified higher education
Use the
Student Loan Interest
them from the amount you deduct here.
expenses generally include tuition, fees,
Deduction Worksheet
to figure your
Instead, see the instructions for
line
4,
room and board, and related expenses
student loan interest deduction.
earlier.
such as books and supplies. The
expenses must be for education in a
-8-
Instructions for Form 1040NR-EZ (2017)
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