1042-S

[mkashish]

Hi. I am a F-1 student from India. I received a scholarship amount from my university for my internship. I have 1042-S, will I be able to get the tax amount back since I used to amount for paying my tuition.

Thank you!

Kashish

[AmyC]

The US- India treaty article 21 states that income from India for your education are not taxed. Other income items may be taxable.

The 1042-S scholarship income must be reported as scholarship income and then excluded by the treaty.  

To enter your information:

Include the income when you enter your 1098-T - add the 1042-S income to any other scholarship income for box 5 scholarships.

To exclude the income:

1. Open to federal income
2. Locate Miscellaneous Income, 1099-A, 1099-C, Start
3. Scroll to the bottom
4. Other reportable income, Start
5. Other taxable income?
6. Select YES
7. Description: Treaty exemption article 21 with India
8. Amount, enter your negative amount, use a minus sign in front.
9. Continue