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Level 1
Apr 5, 2024 5:33 PM UTC
Question

Where to enter Form 1042-S?

Hi, I received Form 1042-S from my bank as a foreign person. I am not sure where to enter the info in this form on TurboTax.

    2 replies

    Alumni - Intuit
    Apr 5, 2024 5:37 PM UTC

    What is this 1042-S for?

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    Level 15
    Apr 7, 2024 2:10 AM UTC

    @danielazheng_  are you a US person ( citizen/ GreenCard / Resident for Tax purposes) ?   Which country are you from ( if not a US citizen or GreenCard holder ) ?

     

    While I await your answers , generally  you  should try to get the  issuer to issue you the 1099.  If thta is not possible or advisable, you  tell TurboTax  that you have  income of the category shown on 1042-S.  Thus if the income is  from a CD or savings interest, you report this income as if you had received  a 1099-INT.  Tell Turbo you do not have the 1099 and  it will walk you through filling out  figures as if  you had received the form.  If taxes  ware withheld, you need  to remember to enter this on 1040.

     

    Does this help ?   Is there more I can do for you ?