Open TurboTax

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Announcements
Your taxes, your way. Get expert help or do it yourself. >> Get started
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

cancel
Showing results for 
Search instead for 
Did you mean: 
FanL1
Level 2

Firstrade sent me 1042-S forms with code 37. How to enter in Turbotax manually?

I'm filing as resident alien but Firstrade sent me 1042-S forms.
Income codes are 01, 06, 36 and 37. 

I've already found how to enter codes 01,06 and 36 in Turbotax in other discussion. 

Could someone guide me how to manually input the income for code 37 in Turbotax?

1 Best answer

Accepted Solutions
KrisD15
Employee Tax Expert

Firstrade sent me 1042-S forms with code 37. How to enter in Turbotax manually?

Box 37 reports the return of capital, it is not taxable and you therefore need not report it. You may keep the 1042S with your tax records, but it is informational only. 

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

View solution in original post

2 Replies
KrisD15
Employee Tax Expert

Firstrade sent me 1042-S forms with code 37. How to enter in Turbotax manually?

Box 37 reports the return of capital, it is not taxable and you therefore need not report it. You may keep the 1042S with your tax records, but it is informational only. 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
FanL1
Level 2

Firstrade sent me 1042-S forms with code 37. How to enter in Turbotax manually?

Thank you so much!

About Community

Learn about taxes, budgeting, saving, borrowing, reducing debt, investing, and planning for retirement.

3.48m
Members

2.61m
Discussions

Manage cookies
v