What tax form or section are you trying to enter and what version of TurboTax are you using? To enter a 1042-S with Code 20 income (Compensation during study and training) into TurboTax, follow the steps below. You will enter it and then negate it.
- Open your return in TurboTax
- Click on Wages & Income
- Scroll down to All Income
- Scroll down to Less Common Income
- Scroll down to Miscellaneous Income, 1099-A, 1099-C
- Click Start
- Scroll down to Other reportable income
- Answer Yes and record this as 1042-S income and enter the amount.
Now to exclude it:
- Repeat steps 1-7.
- Record this as a Treaty Exemption
- Now enter the amount with a negative sign (-) in front of the amount.
You have now reported and exempted your 1042-S income with Code 20.
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