You are still required to report this income on your return.
Per IRS, income code 20 refers to Compensation during studying and training, you will enter as follows :
- Sign back into your account, select Pick up where you left off
- To your left, select Federal, from the top, select Wages & Income, scroll down to Less Common Income ( very last section on the screen)
- Click on Show more drop-down menu, scroll down to Miscellaneous Income, 1099-A, 1099-C- Start
- Select Miscellaneous Income- Other income not already reported on a Form W-2 or Form 1099 select Start
- Follow prompts
If you are eligible for a tax treaty, you would need to file form 8833 and claim any treaty exemptions as negative amount under "Federal / Wages & Income / Less common income / Miscellaneous / Other Reportable Income ". You should paper-file your return including a copy of your 1042.
@ ag9dz @ Scott777
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