sjrcpa
Level 15
05-14-2021
07:13 PM
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I think Charles Schwab is full of 💩. But you have to play the hand you're dealt.
Your client files a 1040. They don't easily accommodate 1042-S. Report the income and withholding as if it was on a 1099-R. Attach the 1042-S and an explanation. Expect correspondence from IRS about the withholding. You might have to paper file.
The more I know the more I don’t know.