It is unclear if the scholarship is taxable or was used for tuition.
Also, an employer can pay up to 5,250 of an employee's education expense, in which case that amount is not taxed.
You can enter the 1042-S as "Other Income" but I don't know what it represents, so I'm not sure how much you should adjust.
If you understand what you're doing, you can follow these directions to enter the 1042-S and then repeat the process and subtract the non-taxable amount.
For example, if the amount is 6,000 and it was sent to your school, you could enter a second entry with a negative (-5,250) to remove 5,250 as employer education assistance.
If the amount is a stipend to help with your living expenses, leave it entered as other income and therefor it will be taxed.
Click Federal
Click Wages and Income
Scroll to the bottom and click Show more under “Less Common Income”
(you may need to answer Yes/No questions and/or click “All income” first)
Scroll to the bottom “Miscellaneous Income, 1099-A, 1099-C" and click Start
Scroll to the last choice “Other reportable income” and click Start
Enter “1042-S" as the description and the amount and Continue
Click Done on the next page
This puts the income on Schedule 1 line 8 and flows to your 1040 line 7a
Depending what this income was for, an adjustment to subtract the non-taxable portion may be in order.
If there was withholding done, enter that amount under Deductions & Credits.
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