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raj10
New Member

I have a form 1042-S with income code 52. It shows income as well as tax withheld. I am a resident alien. How do I file this with Turbotax ?

 
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3 Replies
LinaJ2018
Intuit Alumni

I have a form 1042-S with income code 52. It shows income as well as tax withheld. I am a resident alien. How do I file this with Turbotax ?

You will treat it as if you receive a Form 1099-DIV.

1.  After sign into your account, select Take me to my return 

2.  At the right upper corner, in the search box , type in 1099 div then Enter 

3.  Select the 1st choice on the search results - Jump to 1099div

4.  You will be directly taken to the screen, Did you receive any dividend income? select Yes and follow the prompts           to enter your information


To enter your tax withholding, here are the steps:

1.  Sign back in to the program and select Take me to my return 

2.  At the right upper corner, in the search box, type in estimated tax payments and Enter

3.  Select Jump to estimated tax payments 

4. Next screen, Estimates and Other Income Taxes Paid, 

5.  Scroll down to Other Income Taxes Paid in 2016 / Withholding not already entered on a W-2 or 1099, select                  Start to enter information

raj10
New Member

I have a form 1042-S with income code 52. It shows income as well as tax withheld. I am a resident alien. How do I file this with Turbotax ?

Thanks for the info but the information boxes in 1042-S dont match with 1099-div. Form 1099-div asks me for ordinary dividend, qualified dividend, and capital gain distribution. These items are not mentioned in 1042-S. All I have is Gross Income, tax withheld, income code and exemption code.
LinaJ2018
Intuit Alumni

I have a form 1042-S with income code 52. It shows income as well as tax withheld. I am a resident alien. How do I file this with Turbotax ?

According to Form 1042S instruction code 52 is for Dividends paid on certain actively traded or publicly
offered securities.  I would suggest you to enter the income amount in box 1 as ordinary dividends.

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