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April 10, 2024
Question

1042-S with income code 16

  • April 10, 2024
  • 1 reply
  • 0 views

I first entered US on F-1 student visa in 2018, so I'm considered resident for tax purposes. I've graduated in 2023, so I've received a 1042-S form from my college for last year. Where should I enter information from my 1042-S form? Form has income code 16, chapter indicator 3.

 

Thanks!

1 reply

DaveF1006
April 14, 2024

You can report the 1042-S as other reportable income.

 

  1. Open your return in TurboTax 
  2. Click on Wages & Income 
  3. Scroll down to All Income 
  4. Scroll down to Less Common Income 
  5. Scroll down to Miscellaneous Income, 1099-A, 1099-C 
  6. Click start 
  7. Scroll down to Other reportable income 
  8. Answer yes 
  9. Enter description and amount. Call it 1042-S income and then list the amount.
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