topic American living abroad and rollover 1042s in Deductions & credits

American living abroad and rollover 1042s

Jillyjilly — Thu, 15 Jan 2026 13:55:22 GMT

Fidelity is sending me a1042s for a roll over I did . Can I enter this information somewhere on my turbo tax? They mistakenly sent me $3-4$ to my checking account after the account was closed.

Re: American living abroad and rollover 1042s

LaShaunA3 — Tue, 20 Jan 2026 00:35:26 GMT

If the income is related to a rollover, it is usually issued on a form 1099R. It's unclear why Fidelity would have issued you this specific form. You can try contacting them to request the appropriate form (1099R).

If you can't get it corrected, or don't want to wait, you can enter the information on the form 1042s into TurboTax with this alternative:

Identify how the income is coded on the form. This is usually shown as a code in Box 1 of the 1042S. It could be “interest, code 01” or “pension, code 15.”
Locate the section of TurboTax that corresponds to the income, for example “Retirement” or “Interest.”
Enter the withholding agent’s name and EIN from form 1042s (line 12a and 12d), and the gross income, into the appropriate field.

[Edited 1/19/2026]

Re: American living abroad and rollover 1042s

Jillyjilly — Tue, 20 Jan 2026 01:59:51 GMT

Thanks . It’s an Ira rollover so there is no tax taken out .

Re: American living abroad and rollover 1042s

Jillyjilly — Fri, 30 Jan 2026 11:21:18 GMT

Taxable income is $2.59 doesn’t this even need to be reported ?

Re: American living abroad and rollover 1042s

RogerD1 — Fri, 30 Jan 2026 18:08:31 GMT

Yes, you should still report the income on your tax return. This also would not be considered a rollover if the issuer of the 1042-S distributed the funds to your checking account.

If you are a US citizen, the issuer should have issued you a 1099-R instead of a 1042-S. You may want to contact them to see if they could correct their error and send you the correct form for that income.

I realize that this is a lot of work for a small amount of income, however, since this income has been reported to the IRS, it is in your best interest to report it on your tax return.