LaraMultiservices
Level 3
‎02-09-2022 02:21 PM

I have a client who won money from gambling, and recived a 1042-S because he identified himself with his foreign passport. How do I go about entering the 1042-S into his 1040 since its not supported by the program? Do I have to just finish his 1040 and send the 1042-S forms' with it to the IRS, or is there a way to enter it into the program?

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sjrcpa
Level 15
‎02-09-2022 02:39 PM

You could try entering it as 1099 withholding and attaching the 1042-S as a pdf.

I expect correspondence will ensue.

Is it enough withholding to worry about?


The more I know the more I don’t know.
Camp1040
Level 11
‎02-09-2022 02:40 PM

I would enter it as other income line 8. Use the other income statement and report the amount on Line 2c.

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Camp1040
Level 11
‎02-09-2022 03:01 PM

I would go with @sjrcpa answer, especially if their is withholding. I assumed no withholding since it wasn't mentioned.....so true what is said about assuming!

sjrcpa
Level 15
‎02-09-2022 03:04 PM

If there is no withholding, just report it as gambling winnings and don't worry about the 1042-S.

@Camp1040 I made an assumption, too.


The more I know the more I don’t know.
LaraMultiservices
Level 3
‎02-11-2022 12:49 PM

There is $382 of withholding. How would I enter the form as a 1099-Nec, or 1099 Misc? 

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Camp1040
Level 11
‎02-11-2022 12:59 PM

1099-MISC 

Box 4: Federal income tax withheld.

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