sourav164
Returning Member

Received 1042-S instead of 1099

I became a US tax resident last year (I came to the US in 2017). I was doing some stock trade last year in Robinhood. I did not know that I had to update my tax status when I became a tax resident. Recently, I received a 1042-s (income code 6) with an income of one US dollar. I would have received a 1099 if I had changed the tax status on the trading app on time. What should I do in this situation?

 

Thanks