Ask Experts Questions for FREE Help !
Ask
    teena139's Avatar
    teena139 Posts: 3, Reputation: 1
    New Member
     
    #1

    Mar 7, 2008, 09:51 AM
    Where to include 1042-S on return?
    Last year I was on F1- F1 (OPT) and my employer deducted Social Security and Medicare Taxes. I filed 843 and got a refund. Last month I received a 1042-S form with income code 01 and a statement attached with that stating the income to be included as well as a credit to be claimed on my 2007 return (basically the interest I earned on that is taxable). This year I am filing a dual status since I was on OPT for one half of the year and then on an H-1. My question is where do I include the interest and tax from the 1042-S?
    It has to be on the dual return income statement (1040NR) right ? Should I include the interest earned on Line 9a (taxable interest) and the tax withheld on that amount on line 59? If so do I carry both these amounts to lines 8a and 64 on 1040R as well? Please help
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
     
    #2

    Apr 23, 2008, 11:42 AM
    To properly answer the queston, I would need to SEE the Form 1042-S, and this is probably a moot point because the tax filing date has passed.

Not your question? Ask your question View similar questions

 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Tax 1042-S and 1040A [ 8 Answers ]

This is my 6th year as an F-1. I have received 1042-S instead of the W-2. The software said I am not supposed to use 1040NR anymore but 1040A. I do not how to fill the 1040A with a 1042-S. Please advise, I will greatly appreciate any help.

1042-S and 1040 [ 1 Answers ]

Hi, I am in H1B status for the past 3 years and have been filing my taxes in the 1040 form since I am considered a resident for tax purposes. I am also doing my Phd part time.. Last year I received about a $8500 fellowship. ( I received around $7300 after a tax withholding). This was a merit...

Filling 1040 with W-2 and 1042. [ 2 Answers ]

Hi, I just found this great forum, very helpful. I am about the send my 1040 form for my 2006 taxes. I just want to make sure I anderstood correctly the IRS web site about my situation. I am a research fellow under a J1 visa and entered the us in March 2004, I am French so I got the benefit...

Amendment / 1042 [ 1 Answers ]

Hi, I filed my tax return (1040) and just realized that I have additional income from 1042S due to fellowship. Do I just amend the 1040 and change the income by adding the additional income coming from 1042, or file a separate 1042 income form? The thing is, 1040S shows almost all of my...

What is 1042-S? [ 5 Answers ]

I worked as OPT during 2004 and I filed 1040NR in 2005. I reported the amount after taking $2,000(Tax treaty) off from whatever was on W-2. Yesterday, I received 1042-S copy for recipient(Foreign Person's US Source Income Subject to Witholding) from IRS and it says, "A refund check for your...


View more questions Search