If you have documentation or proof from the bank that this reporting is erroneous, then repeat the first series of steps that Dawn C provided above. When you get to other reportable income, then record an entry below the first entry you made and enter a description such as Bank Mistake and enter the same amount as you recorded on the previous line but place a minus sign before the amount.
If the IRS should happen to question this, just mention to them that the bank issued this 1042S by mistake because your CD had not matured thus the interest income had not or should have been realized.
As far as the bank taking responsibility for this, good luck with that. Since the 1042S has already been sent in, it is difficult to rectify the mistake. already made.
@xjag2003
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