2024年3月16日 · I was on F-1 from August 2018 until October 2023. And I got an H1B approval notice in October 2023. I am considered as a resident alien for the 2023 tax year. I got my 1042-S from my stock brokerage company with income code 06, chapter indicator 3, exemption code 00(box 3a) and 15(box 4a). Turbotax ...

2025年2月28日 · IRS Form 1042-S @Lalit87 , from your answers , I am assuming that you are here as a trainee/student ( article 21 applies ) and not as a teacher/ researcher ( article 22 applies ). Thus you have to recognize the income ( US sourced income only ), file a form 1040-NR ( not supported by TurboTax -- use your school's foreign student office ...

2019年6月1日 · Form 1042-S is used to report amounts paid to foreign persons that are subject to income tax withholding, even if no amount is deducted and withheld from the payment because of a treaty or exception to taxation, or if any amount withheld was repaid to the payee. It is also used to report amounts withheld under Chapter 3 of the Internal Revenue ...

2020年3月22日 · Hello, I am a US citizen and I married my wife last year, who is working as a postdoc. She received a 1042-S from her previous employer, and I do not know how to enter this information in TurboTax. We are filing together. Her income code is 16 and exemption code 3a is 00 and exemption code 4a is...

2020年3月26日 · I received form 1042-S reporting the gross amount of the stipend as well as the US tax withheld. I owe no tax due to the foreign earned income exclusion and would like to get back the US withholding onthe stipend but cannot find where to report the 1042-S information. Help would be appreciated. Thank you.

2019年6月6日 · I am a resident alien on F1 visa. However, I still received 1042s with income code 29, exemption code 02, and tax rate 0%. Is the interest income taxable? Should I report it as an interest income like 1099-INT?

2024年2月26日 · Hi, I got 1042 S and W2 from my company. I joined the company in January 2023, but the treaty for exemption (1042 S) only applied to September 2023 and after that I became an LPR. Now, the 1042 S form I received has only information about the September, though the exemption should be applied before ...

2024年4月10日 · I became a resident alien last year and I received the 1042-S form containing amount in section (2) and (10). I cannot figure out how to include this amount on Turbotax. When I tried including it under "Wages and income" section as: - Less Common Income - Miscellaneous Income, 1099-A, 1099-C - Other Reportable Income. But that did not work.

2024年4月11日 · I received a Form 1042-S, which reports my gross income and the federal tax withheld. TurboTax doesn't offer a direct option to upload Form 1042-S. Following advice from the TurboTax community, I manually entered the information under "Less Common Income > Miscellaneous Income, 1099-A, 1099-C" and reported the withheld federal tax as an ...

2021年3月19日 · They use the form to report any non-resident alien wages and tax withholdings. As a resident alien for tax purposes, you file your taxes like a U.S. citizen using Form 1040. You will report income from tax forms including W-2, 1099s and 1042-S on the appropriate line of Form 1040 when you file your federal tax return.