I transitioned from a non-resident a resident alien status in 2019. Would someone please help me figure out how to submit a 1042-S form (Code 16) using TurboTax?

If you are a US resident, by receiving a Form 1042- S with the code 16, you will treat it as receiving a scholarship or fellowship to offset your qualified education expenses if there are any.  Per IRS, you are required to file a Form 1040 to report your scholarship amount along with your tuition.  If you have paid any qualified tuition expenses out of pocket or with scholarship, you would enter information by following the steps below.  As IRS receives a copy of your Form 1042-S, you can e-file your tax return.  You do not need to submit your Form 1042-S separately.

 

In TurboTax online edition, 

 

• Sign in to your account, select Pick up where you left off
• At the right upper corner, in the search box, type in "1098t" and Enter
• Select Jump to 1098t
• On the screen, Now Let's gather XYZ's Additional Education Expenses
• Follow prompts
• Next screen, Your Education Expenses Summary, select Edit
• Next screen Here's Your Education Summary, under Tuition, select Edit to enter tuition information
• See the images below.

 

If you have paid in any tax withholdings, to enter the info, follow these steps:

 

1.  Sign back into the program and select Pick up where you left off 

2.  At the right upper corner, in the search box, type in estimates paid and Enter

3.  Select Jump to estimates paid

4. On the screen, Estimates and Other Income Taxes Paid, select the right section to enter information  

View solution in original post

Thank you!

Hi again,
I'm on a full-tuition scholarship, so I haven't paid any tuition. My question, therefore, is: is there a way to include this information with the W-2 information?

Thank you.

 

Are you filing a 1040-NR or 1040?

Did the funds on the 1042-S all go to tuition? 

Does the school you attended issue a 1098-T? 

Do you have a statement showing the payments that the school received? 

Is the school a "Eligible Education Institution"? 

Thanks for your response.

1. Since I was a resident at the end of the year, per IRS guidelines, I think I will file a 1040 form.

2. That's right. I paid not tuition out of my pocket.

3. No, the school hasn't issued a 1098-T form.

4. Yes, I do.

I don't know if this is helpful, but I'm a PhD student who receives monthly stipends, and the school covers all my tuition.

Thank you again.

One last thing, does the 1042-S represent stipend (taxable) dollars OR is it reporting the amount they paid for your tuition? 

I am so sorry for this incredibly late reply. For some reason, I never received a notification for your response via e-mail. The 1042-S refers to stipend money. Thank you!