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I get a 1042 s form, how do I state my income? I know how to state my "other tax withholdings"but now it thinks I have payed a lot of tax but have zero income

 
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3 Replies
DaveF1006
Expert Alumni

I get a 1042 s form, how do I state my income? I know how to state my "other tax withholdings"but now it thinks I have payed a lot of tax but have zero income

it depends. Did you have income reported on a W2 but no income tax withheld reported in Box 2?  Was this from earned income or income earned from things like interest and dividends?

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I get a 1042 s form, how do I state my income? I know how to state my "other tax withholdings"but now it thinks I have payed a lot of tax but have zero income

I do not have a W2. I get income as a Research Fellow through a 1042-s, this is taxable income. I am a foreign nonresident alien but I am a resident for tax purposes ( given my presence lenght). It's income earned through a stipend not dividends. I get a 1042-s form. 

DaveF1006
Expert Alumni

I get a 1042 s form, how do I state my income? I know how to state my "other tax withholdings"but now it thinks I have payed a lot of tax but have zero income

You would enter this as other income on your return and then claim the tax withheld on the return.

 

  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. Enter description and amount  as 1042S and the amount.

   

 To reclaim your withholding tax reported on your 1042-S:

 

  1. Go to federal>deductions and credits
  2. Estimates and other Taxes Paid>other income taxes>start
  3. Scroll down to other income taxes paid in 2022
  4. Withholding not already reported on a W2 or 1099
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**Mark the post that answers your question by clicking on "Mark as Best Answer"
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