pmotley
Returning Member

1042-S understanding

I am a US citizen and received several 1042-S forms in relation to a foreign financial account. Income codes 01, 06, 36, 37 with various exemption codes. They each show some "gross income" and zero withholding, but I haven't actually seen any income (as I assume it is reinvested?). Do I need to report the reported "income" to the IRS?