JamesG1
Expert Alumni

Deductions & credits

Report the interest reported on an IRS form 1042-S as interest income as if you received an IRS form 1099-INT.

 

In TurboTax Online, follow these steps:

 

  • Down the left side of the screen, click on Federal.
  • Down the left side of the screen , click on Wages & Income.
  • Click on the down arrow to the right of Investments and Savings.
  • Click to the right of Interest on 1099-INT.
  • At the screen Let's finish pulling in your investments, select Add investments.
  • At the screen Let's import your tax info, click Enter a different way.
  • At the screen OK, let's start with one investment type, select Interest.  Click Continue.
  • At the screen How would you like to upload your 1099-INT, select Type it in myself.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"