turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

[Resident Alien] Form 1042-S received from Chase bank today, But i already filed my taxes

I had e-filed my federal and state taxes through turbotax last week . Today I received a form 1042-S from Chase bank. I am a resident for tax purposes. How do I go about including the 1042-S during filing as I am a resident? Also, How can I amend my return to include the details from 1042-S? Should I start the amendment right away or should I wait for the original return to be processed? Does the amendment involve any penalties/fines.

 

The details from the 1042-S form are as follows:
Box 1 - Income code - 23
Box 2 - $50

Box 3 - Chapter indicator - 3
Box 3a- Exemption code - 00
Box 4a - Exemption code -15

Box 5 - Withholding allowance  - $0

Box 6 - Net income -$0

Box 7 Federal Tax witheld - $0

Box 11 Tax paid by withholding agent (Amounts not withheld) - $15

Box 12b Ch.3 status code - 15

box 12c Ch.4 status code - 01

 

 

Searching on the forums pointed me to use Form 1099 but I am unsure how to proceed.

Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
pk
Level 15
Level 15

[Resident Alien] Form 1042-S received from Chase bank today, But i already filed my taxes

@rohitdoestax , for amending a filed/ accepted return, suggest you wait till your currently filed return has been processed ( as shown on WMR -- Where is My refund).

 

When did you enter the country and with which visa  ( F-1 ) or are  you an NRA with US investment/ Bank account but living abroad?

 

I there more I can do for you ?

 

Namaste ji

 

pk

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies