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Get your taxes done using TurboTax
1. Yes, you will probably receive a 1042-S for the income.
2. It should be reported on your tax return as if it were reported on the US version- when possible. Here is a list of codes and meanings. We will be glad to help you correctly enter all of your income when we know the codes. This may apply to your income.
3. No, although you may end up labelling your 1042S income. Topic no. 851, Resident and nonresident aliens states: Resident aliens must follow the same tax laws as U.S. citizens. If you're a resident alien, you must report your worldwide income from all sources, that is, income from both within and outside the United States. You'll file a Form 1040, U.S. Individual Income Tax Return
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‎February 12, 2025
2:25 PM