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. "1042-S forms with code 01 and code 06. How to enter in Turbotax. Do I need to file by mail or can I still e-file?" "I have been a resident alien, but I received 1042-S. How can I report 1042-S in 1040EZ form? Income codes are 06 and 36" Could someone guide me how to manually input the income for code 37 in Turbotax?

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

Forum|Forum|5 years ago
February 3, 2021
1 reply
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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?

Best answer by KrisD15

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.

KrisD15Answer

Level 15

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.

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