I am an F-1 student at a US university. I am filing Form 1040 since I am a resident alien for tax purpose. I claimed the $5000 treaty exemption at the beginning of 2006. Thus, my W-2 shows my income is my actually gross income less $5000. and I get a 1042-S showing $5000 income. These are true and alright.
Can I withdraw my claim now? I now find that it would be better for me if I did NOT claim the treaty exemption. If Yes, can I just put my actually gross income into line 7 on Form 1040? or please suggest a solution.
Thank you,
-kevin