1042-S

Forum|Forum|1 year ago
February 28, 2025
2 replies
0 views

I am a resident alien for tax purposes from India. I have a 1042-S with an income code 20; chapter 3; and the boxes 3a and 4a are 04 and 15 respectively. I thought this means that the income is "exempt under tax treaty", but I don't see why it would be under the India-US tax treaty. Should I report it as additional income in TurboTax and pay tax on it?

Secondly, this income is already included in the W2 form for state wages. If I add it as additional income for the federal return on TurboTax, it double-counts it for the state return. How do I fix this?

DaveF1006

Level 15

To clarify, what state?

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

idraumrAuthor

Level 2

New Jersey.

DaveF1006

Level 15

To clarify, was the 1042S issued for wages earned from a US employer?

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

idraumrAuthor

Level 2

Yes.

DaveF1006

Level 15

To clarify, does the income reported on the 1042S reflect the same income that as on the W2? If so, just report all your income on the W2 because it sounds like you may have reported the 1042 S and W2 separately causing New jersey to count this income twice.

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