How to file taxes with 1042-S (income code 20, resident alien)

Per instructions, for income code 20, it refers to Compensation during studying and training, you will enter as follows :

• After sign in / select Take me to my return /From the top, select tab Federal Taxes /Wages and Income / Scroll down to Less Common Income section.  Choose Miscellaneous Income.  Select the very first option at the top "Other income not already reported on a Form W-2 or Form 1099".   Then follow the prompts.
• If you qualify for the treaty benefit, follow the above steps and enter the negative amount of $2,000.
• Download and fill in a Form 8833 or 8843 from IRS to claim an exception.  https://www.irs.gov/pub/irs-pdf/f8833.pdf or      https://www.irs.gov/pub/irs-pdf/f8843.pdf
• You cannot e-file.  You can still use the TurboTax program to prepare your tax forms, but you need to print them out and submit by mail along with the form 8833. 

Hi, I'm a little confused when you said "the negative amount of $2,000". If I earned $663 from the school with the tax treaty exemption, does it mean that I should type -$1,337 when claiming it?

@wx1997 Report your income of $663 in the 'Other Income' section, then make a second entry of -$663, with the description of 'Tax Treaty Income'.

 

This gives a net effect of $0 income.

 

Click this link for more info on Tax Treaty Income. 

 

 

Thank you so much for the information, this is really helpful. One further question: should I report through employee compensation that was not reported on a W-2 or the other option? If I go with the first option, seems like there is no place for me to type the description. 

 

My current report routine is : 

1. less common income.

2. Miscellaneous Income, 1099-A, 1099-C

3. Other income not already reported on a Form W-2 or Form 1099 (not sure about this also, should I go with the last option: other reportable income?)

 

 

Since I already had a 1042-S form, I don't think it's necessary for me to file the SS-8 form so I'm a bit confused about this. 

Must you have Deluxe to be able to file with 1042-S? 
I too am a resident alien for tax purposes with no W-2, only 1042-S, and with code 20. 

When I go to "Less Common Income-Miscellaneous Income", it tells me that I should purchase Deluxe to keep filing...

Thanks.

The 1042-S is for Foreign Person's with U.S. Source Income Subject to Withholding

 

If you haven't been in the US more than 5 years, you need to file a non resident return.  

 

Although TurboTax doesn't support IRS Form 1040-NR (U.S. Nonresident Alien Income Tax Return), we have partnered with Sprintax to offer both federal and state tax preparation for international students, scholars, and nonresident foreign professionals.

Please visit the TurboTax/Sprintax site for more info.

 

If you have been in the US for five years or more, You will need to enter the income in the self-employment section of TurboTax. 

 

You will need  TurboTax Self-Employed you will post this under:

• Income & Expenses
• Self-Employment Income & Expenses
• If you've already started entering the business you will select REVIEW
• Select Add income for this work
• Under Common Income
• Select Form 1099-NEC

You may need to upgrade to include this income

 

@ruhtra86

Thank you for the reply. 

 

I am have been in the states for more than five years. I have worked the same part-time job for about three years now and have filed with Turbo Tax free successfuly in the first two years. 

 

Given my situation, is there an alternative that I could file for free? The income from this part-time job is very minimal and the cost of either TurboTax Deluxe or TurboTax Self-Employed will be comparable to whatever tax refund I am hoping to receive. 

 

Is there an alternative that I can file for free with Turbo Tax? I have read elsewhere of people in a similiar situation with me filing with the IRS Free File Program delivered by TurboTax? If that works, should I file as self-employed with my 1042-S even though I am employed and paid by the University? 

 

Thank you for your time.

Yes, you can use either the TurboTax Free or the IRS Free File program.  You are not self employed with the Form 1042-S. 

 

You would enter under "Other Income".  See my post from above.

 

This amount will show on line 8 of Schedule 1 and Form 1040.

 

@ruhtra86