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Level 2

Question

1042-S

Forum|Forum|1 year ago
February 28, 2025
13 replies
59 views

I am a resident alien for tax purposes from India. I have a 1042-S with an income code 20; chapter 3; and the boxes 3a and 4a are 04 and 15 respectively. I thought this means that the income is "exempt under tax treaty", but I don't see why it would be under the India-US tax treaty. Should I report it as additional income in TurboTax and pay tax on it?

Secondly, this income is already included in the W2 form for state wages. If I add it as additional income for the federal return on TurboTax, it double-counts it for the state return. How do I fix this?

Level 15

To clarify, what state?

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Level 2

New Jersey.

Level 15

To clarify, was the 1042S issued for wages earned from a US employer?

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Level 2

Yes.

Level 15

There is nothing in box 12, and the amount is closer to $17,000.

Sound like you need to report both the W-2 and the 1042-S to reflect your total income.

Here's how to report the 1042-S income:

Log into your account.
Select Wages and income>
Less Common income.
Miscellaneous Income, 1099-A, 1099>start.
Scroll to the bottom of the page to Other Reportable Income.
Other taxable income, answer yes.
Then give a brief description of the income and the amount listed.

Here's more info on Reporting 1042-S Income.

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