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Hi I have Casino win/LOSS 1042-s with 3a exemption code 00?

 
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Hi I have Casino win/LOSS 1042-s with 3a exemption code 00?

If you had withholding, this is what exemption code 00 means:

If an amount was withheld under chapter 3 (the tax rate you entered in Box 3b is greater than zero and is not due to backup withholding), enter "00" in Box 3a

See this, from TurboTaxDianeW:

1-Turbotax does not support form 1042s directly, but you can enter the income based on the income code. 

Because you are a resident alien and you have received a form 1042S where you report the income depends on the income code and why the form was generated.  See page 18 for a description of income code.IRS Instructions Form 1042-S.

This income can be entered as miscellaneous income.  When you sign into your TurboTax account you can follow the steps below.  

  1. Select the "Federal" tab in the black navigation bar on the left
  2. Select "Income & Expenses"
  3. Select "Add more income" button if necessary
  4. Scroll and click "See the list of all income" 
  5. Scroll to "Less Common Income" and select "show more"
  6. Select "Miscellaneous Income"
  7. Scroll and select "Other Reportable Income"
  8. Click "yes" then enter the description and amount (this will show up on line 21, Form 1040)

2-The entry steps you have in your question is correct.  Enter the federal and/or state withholding here:

  • Deductions and credits/Other income taxes/Yes/Other income taxes paid in 2017/Withholding not already entered on a W2 or 1099

3-The results should be correct following the steps above.

You should file your return by mail so that you can attach your Form 1042-S to the return.  

By: TurboTaxDianeW
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