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Returning Member
posted Apr 14, 2025 10:14:48 AM

1042-S form-do i need to report it

I received Form 1042-S from Chase bank. I'm a non-resident alien for tax purposes on an F-1 visa. I had no income last year ( started the on-campus job this year).

Details from form:
Box 1 - Income code - 29
Box 2 - 1$ 
Box 3 - Chapter indication - 3
Box 3a- Exemption code 02
Box 4a - Exemption code 15


How do I report this? Do i need to report this? Currently I am just planning to send my 8843 form for year 2024 and year 2023( I came here in 2023). Do I need to do anything else?

0 2 198
1 Best answer
Expert Alumni
Apr 14, 2025 3:00:14 PM

If it is for $1 and if you have no other income report, you don't have a filing requirement for this.

2 Replies
Expert Alumni
Apr 14, 2025 3:00:14 PM

If it is for $1 and if you have no other income report, you don't have a filing requirement for this.

Returning Member
Apr 14, 2025 3:01:26 PM

Thanks!