How to enter the 1042-S form information?

[hua5_cornell]

I am an international student, but have stayed in U.S for more than 5 years, and I am now considered a resident alien for tax purposes. However, in addition to the W-2 form, I also have a 1042-S form, which was a gambling winning form (income code 28) I received last year. Since I used the passport as my ID at that time, they said that they would give me a 1042-S form for the tax withholding. How should I enter the information in the turbotax? Someone pointed out that I can file this form separately, but someone said that I can just fill in the form as if it were a 1099 or W2G form. Now the question I want to ask is that could I enter the information in the turbotax without filing a paper form separately since it will be a very convenient way. If so, how can I do this?

[DS30 · Accepted solution]

Yes, you can report this gambling income in TurboTax as though you received a W2G.

Additionally, you should still be able to efile your return with this income information (you will not have to file your 1042-S with your return).

To enter your gambling winnings and losses in TurboTax Online or Desktop, please follow these steps:

1. Once you are in your tax return, click on the “Federal Taxes” tab ("Personal" tab in TurboTax Home & Business)
2. Next click on “Wages and Income” ("Personal Income" in TurboTax Home & Business)
3. Next click on "jump to full list" or “I’ll choose what I work on”
4. Scroll down the screen until to come to the section “Less Common Income”
5. Choose "show more", then Gambling Winnings and follow the onscreen instructions
6. Include the gross winnings under box 1 and the federal withholdings under box 4.

[Carey63]

I live in the Virgin Islands.  I went to Oklahoma casino.  Received a 1042-S with federal and state tax withheld.  How do I report this? 

[KrisD15]

Yes, you can add the income under 

Federal 

Wages & Income 

Scroll down to "Less Common Income" and click Show more

Scroll down to Miscellaneous Income 1099-A, 1099-C and click Start

Scroll down to "Other reportable income" and click Start

Enter "1042-S Gambling" and the amount, click Done

Next enter the tax that was withheld:

Federal

Deductions & Credits 

Scroll down to "Estimates and Other Taxes Paid" and click Show more

Scroll down to Income Taxes Paid and click Start 

Click "YES" and Continue

Scroll down to "Withholding not already entered on a W-2 or 1099" and click Start 

Enter the tax that was withheld 

[dauph]

I received a 1042-S from a pension fund. I now live in Canada but worked in US to earn this retirement fund. I filled out as a DIV as stated in Turbotax but t didn't show taxes taken out. This impacted my return f them. I then filled it out as I received a 1099 and it allowed the reduction for taxes paid.

The IRS rejected my 1040 e-filing because it says they received a 1099 from the retirement payer with a different EIN number.

How do I fill out Turbotax for 1042-S showing the tax I paid? 

[LinaJ2020]

You will enter under the Estimated taxes paid section.  Here are the steps:

In TurboTax online program,

• Sign back into the program and select Pick up where you left off
• At the right upper corner, in the search box, type in estimates paid and Enter
• Select Jump to estimates paid
• On the screen, Estimates and Other Income Taxes Paid, scroll down to select the section and enter information

If the Payer's TIN does not match, you might want to enter under Other Income.  

• To the right upper corner, in the search box, type in "other reportable income" and Enter
• Select Jump to other reportable income
• Next screen, Other Wages Received, select No to continue
• Next screen, scroll down all the way to the bottom, under Other reportable income, select Start
• Next screen, Any Other Taxable Income? select Yes to continue
• Enter a description and the amount.