1042-S and W2

Forum|Forum|6 years ago
March 15, 2020
1 reply
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I have both 1042-S and W2 form. I graduated in August 2019. According to SPT, I'm counted as a resident alien so I can't use Sprintax. Sprintax referred me to use TurboTax. However, I couldn't find anywhere to input the amount on 1042-S. What should I do?

Best answer by linaj20201

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 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.

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

linaj20201

Level 14

What is the income code on your Form 1042-S?

tinahsuccfAuthor

Level 2

My income code is 16.

Thank you!

fengfeng

Level 2

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

It's really hard to figure out how to file the "scholarship " or the "1098T" with my 1042-s because in 1042s I got the deduction instead of another income. The answer is really confusing to me. Does anyone know how to work on it?