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ehuxw
Returning Member

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?

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1 Best answer

Accepted Solutions
DaveF1006
Expert Alumni

1042-S form-do i need to report it

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

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2 Replies
DaveF1006
Expert Alumni

1042-S form-do i need to report it

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

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
ehuxw
Returning Member

1042-S form-do i need to report it

Thanks!

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