- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
I'm not sure what you mean by "put the same amount in." There is still no state withholding to enter from the form 1042-S and likely that will result in an increased state tax.
The 00 in box 3a indicates federal withholding was under chapter 3 in the form 1042 instructions for a foreign person. The code 16 in box 4a indicates an exemption from chapter4 federal withholding as a nonfinancial payment as you are not a financial institution.
A code 16 in box 1 would identify the income as "Scholarship/Fellowship Grant."
Here is a link to the form 1042S for more detailed information if needed.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
March 8, 2023
7:53 AM