turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

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

Anonymous
Not applicable

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?

Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions
KrisD15
Expert Alumni

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
Expert Alumni

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"
Anonymous
Not applicable

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

Thank you so much!

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies