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Get your taxes done using TurboTax
Per IRS, income code 20 refers to Compensation during studying and training, you will enter as follows :
In TurboTax online,
- 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.
If you have a federal tax withholding in box 7, here are the steps:
- At the right upper corner, in the search box, type in estimated tax payments and Enter
- Select Jump to estimated tax payments
- Next screen, Estimates and Other Income Taxes Paid,
- Scroll down to Other Income Taxes Paid in 2020 / Withholding not already entered on a W-2 or 1099, select Start to enter information
@ hayleyzhou
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May 7, 2021
1:06 PM