Per IRS, code 29 on a Form 1042-S is for reporting interest from your bank accounts. You would treat it as if you receive a Form 1099-INT :
- Login to your TurboTax Account
- Click "Take Me To My Return"
- Click on the Search box on the top and type “1099INT”.
- Click on “Jump to 1098INT”
- On "Did you receive any interest income?" screen answer "Yes" to continue to follow prompts
- On "Let's get 1099-INT or brokerage statement details" screen enter the interest amount in box 1.
- If you had federal tax withheld then click on the checkmark next to "My form has info in more than just box 1 (this is uncommon)" and enter it in box 4.
