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Get your taxes done using TurboTax
You will need a Turbo Tax Deluxe or higher to report this income. This is how to report your 1042S.
- Open your return in TurboTax
- Click on Wages & Income
- Scroll down to All Income
- Scroll down to Less Common Income
- Scroll down to Miscellaneous Income, 1099-A, 1099-C
- Click start
- Scroll down to Other reportable income
- Enter description and amount Here enter 1042S and then amount of the stipend.
To reclaim your withholding tax reported on your 1042-S:
- Go to federal>deductions and credits
- Estimates and other Taxes Paid>other income taxes>start
- Scroll down to other income taxes paid in 2022
- Withholding not already reported on a W2 or 1099
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March 27, 2023
4:28 PM