Filing as a resident, But got a 1042-S from my bank for interest

Hi Experts,

I am filing tax as a resident for 2023. I got a 1042-S from Chase bank. I need to report this in my federal and state tax. I am from Oregon. How should I report this in my state & federal tax.

Income Code: 29

Gross Income: $2

Federal tax withheld: $0

State tax withheld: $0

Thanks,

Tharshan

1551

Expert Alumni

Mar 25, 2024 4:43:51 PM

Code 29 is bank interest. You will:

Open your return to the federal section
Select interest on 1099-INT
Enter the payor
Enter amount
Done

It will carry to your state, nothing more to do.

Level 2

Mar 25, 2024 4:54:56 PM

Thanks @AmyC for the answer.

Will I be able to e-file my return with this? Or should I need to file by mail?

Expert Alumni

Mar 25, 2024 6:01:16 PM

You should be able to electronically file your return.

@Tharshan

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Filing as a resident, But got a 1042-S from my bank for interest