You do not need to report the 1042S on your tax return. According to the IRS, every withholding agent must file an information return, Form 1042-S, Foreign Person’s U.S. Source Income Subject to Withholding, to report amounts paid to foreign persons that are described under Amounts Subject to NRA Withholding and Reporting, even if withholding is not required on the payments. Refer to Amounts Not Subject to NRA Withholding and Withholding for payments that do not require withholding.
A separate Form 1042-S is required for:
- Each recipient regardless of whether or not you withheld tax.
- Each type of income that you paid to the same recipient.
- Each tax rate (if you withheld at more than one tax rate) of a specific type of income that you paid to the same recipient.
To recap, you do not need to report the 1042S since was already reported to the IRS as it is only an informational return that your employer has already submitted.
@freshaska
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