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Hello,
I received a form 1042-S and I need to enter its "federal tax withholding" into my form 1040 by Proconnect. Does anyone know where to enter this withholding into Line 25C withholding from other forms? Thank you!
I read an article about this same question but using Turbotax. It says there is a place Under "income taxes paid" then "Withholding not already entered on a W-2 or 1099". Not sure if Proconnect has a similar input?
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It's probably not going to work.
IRS expects 1042-S withholding to be on a 1040-NR.
Is it substantial? If not, I'd tell client to forego it this year and get it changed to a 1099 for 2024.
The more I know the more I don’t know.
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Thank you for your help.
it's $105 withholding not any big amount. maybe I will enter it to Line 25B.
But people will encounter this situation in which they file form 1040 (not form 1040NR) at the same time, they receive a form 1042-S from their job or other sources. If you search this question online, there is a solution for Turbotax to resolve or how to enter it. But not proconnect online.
Hope someone knows a better way to handle this in Proconnect.
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How about Schedule K-1 > Schedule K-1 Overrides > Other credits (Click on button to expand)
You would need to do this allocation for each shareholder
Answers are easy. Questions are hard!
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Thanks, George, but your picture is from form 1120S. my question was for form 1040/Line25C. I will see there is a similar place on form 1040
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Not sure why Turbotax and Pro series have the option to enter 1040/Line 25C but Not proconnect which is sucks and frustrating!!!!