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On your Form 1042-S, Code 6 is a dividend distribution and code 36 is a capital gains distribution.
You would enter this information as if you received a 1099-DIV in TurboTax.
To enter your 1042-S income as if reported on a 1099-DIV enter this dividend income and capital gains distribution in TurboTax Online
or Desktop, please follow these steps:
- Once
you are in your tax return, click on the “Federal Taxes” tab ("Personal"
tab in TurboTax Home & Business)
- Next click on “Wages &
Income”
("Personal Income" in TurboTax Home & Business)
- Next click on “I’ll choose
what I work on” (jump to full list)
- Scroll down the screen until
to come to the section “Interest and Dividends”
- Choose “Dividends
on 1099-DIV” and
select “start’
- Select "I'll type it in
myself"
- Enter the name of the
payer on form 1042-S and the amount for Code 06 in box 1a (If qualified
dividends also include this amount in box 1b.)
- Put the code 36 capital gains distribution in box 2a
- Check the box "My form
has info in more than just box 1 (this is uncommon)".
- Enter any Federal income
taxes withheld in box 4 (screenshot)
