1042-S

[georgefvesley]

I received a 1042-S from an investment. The form reports an income and Fed. tax withheld.  How do I report in Turbo Tax?  Thank you.

[email address removed]

[JohnB5677]

You can report the 1042-S as other reportable income.

1. Open your return in TurboTax 
2. Click on Wages & Income 
3. Scroll down to All Income 
4. Scroll down to Less Common Income 
5. Scroll down to Miscellaneous Income, 1099-A, 1099-C 
6. Click start 
7. Scroll down to Other reportable income 
8. Answer yes 
9. Enter description and amount 

To report the US tax paid:

1. With your return open
2. Click on Deductions & Credits
3. Scroll down to Estimates and Other Taxes Paid\
4. Click on Other Income Taxes
5. Scroll down Other Income Taxes
6. Click on Withholding not already entered on a W-2 or 1099

About Form 1042-S, Foreign Person's U.S. Source Income Subject to Withholding  

If this does not completely answer your question, please contact us again and provide some additional details.