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dxchopra
Returning Member

How to file income reported on 1042-S

My bank provided me 1042-S for interest income with Income code as 29 and 3a exemption code as 02 and 4a exemption code as as 15. How should I report this income on my tax return?

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1 Reply
DaveF1006
Expert Alumni

How to file income reported on 1042-S

You would report this as interest income in your return.

 

  1. Log into your online return.  
  2. Go to federal>wages and income
  3. Go to Investment and Savings>Interest on 1099-INT
  4. just report the amount of interest paid without regard to the exemption codes.
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