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Level 2
June 3, 2019
Question

I received a 1042-S because I withdrew my 401k plan due to moving to Germany for good. How do I enter the info in the section 401k? I don’t have a 1099, only a 1042-S.

  • June 3, 2019
  • 6 replies
  • 39 views
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6 replies

PopeyeTheSalior
Level 13
June 3, 2019
what is the code?
mw305Author
Level 2
June 3, 2019
It’s code 15 chapter Indictator 3
PopeyeTheSalior
Level 13
June 3, 2019
Please see the answer below.
PopeyeTheSalior
Level 13
June 3, 2019

According to 2018 Form 1042-S , code 15 is for Pensions, annuities, alimony, and/or insurance premium.

If you are a resident for tax purposes, you would report as if you receive a Form 1099-R.  To enter the information in TurboTax online program, here are the steps (online):

  • Sign into your account and select Take me to my return
  • At the right upper corner, type in 1099r, then Enter
  • Select Jump to 1099r
  • On screen, Your 1099-R / Did you have any of these income in 2018 ?, answer Yes and select                                                  Continue
  • Next screen, Choose your bank or brokerage, select I'll type it in myself to continue

mw305Author
Level 2
June 3, 2019
Thank you. The problem now is that the numbers they are asking for are not the same on my 1042-S. The only thing it shows me is my gross income and the tax I already paid on it.