1042-S understanding

pmotley · ‎March 19, 2023

I am a US citizen and received several 1042-S forms in relation to a foreign financial account. Income codes 01, 06, 36, 37 with various exemption codes. They each show some "gross income" and zero withholding, but I haven't actually seen any income (as I assume it is reinvested?). Do I need to report the reported "income" to the IRS?

DaveF1006 · ‎March 20, 2023

Yes but before i comment, what are the exemption codes you are referring to?

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pmotley · ‎March 20, 2023

thanks for the reply, but I think I have resolved it

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1042-S understanding