Do I need to report 1042-S with zero federal tax withheld?

[dsch33]

Hello, I have a question regarding my 1042-S.

I received two 1042-S from my university (I am international student and resident alien for tax purposes).

(1) Code 20 in Box 1, 0 in Box 7 and 10, which is covered by tax treaty benefits;

(2) Code 16 in Box 1, 0 in Box 7 and 10, which is my scholarship.

I wonder in these cases, do I need to report 1042-S? I searched online and someone mentioned it is only for informational purposes and I do not need to file it. But I am not sure.

Thank you!

[MayaD]

Per IRS :

It is normally not required to be reported on an information return. If you choose to report the income item on a Form 1042-S, use Exemption Code 03, Income is not from U.S. sources, when entering an amount for information reporting purposes.

[dsch33]

Thank you!

I have another question. I received one 1042-S form this year, code 16, my scholarship, and federal tax withheld in box 7 and 10 is NOT zero.

How do I report the gross income in box 2 and federal tax withheld in box 7 and 10?

[DaveF1006]

You can report the 1042-S as 'other reportable income', although you didn't specify an amount of income in your question. 

1. Open your return in TurboTax 
2. Click on Wages & Income 
3. Scroll down to All Income 
4. Scroll down to Less Common Income 
5. Scroll down to Miscellaneous Income, 1099-A, 1099-C 
6. Click start 
7. Scroll down to Other reportable income 
8. Answer yes 
9. Enter description and amount 

To report the US tax paid (if you paid tax):

1. With your return open
2. Click on Deductions & Credits
3. Scroll down to Estimates and Other Taxes Paid\
4. Click on Other Income Taxes
5. Scroll down Other Income Taxes paid in 2021
6. Click on Withholding not already entered on a W-2 or 1099

@dsch33