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laturnb
Level 1
March 19, 2025
Question

My client was given a form 1042-S. He retired and was given a lump sum of $114,000 and 30% federal taxes was withheldWhere do I report this income and taxes

I can't find the 1042-S form in my 2024 prog. which would allow me to fill it out and posted to the 1040. Need help as to where to post it
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    1 reply

    sjrcpa
    sjrcpa
    Level 15
    March 19, 2025

    Is he is a US Citizen or Nonresident Alien?

    The 1042-S input is for the 1040NR.

    What kind of income is it? Some of my international clients receive both a 1099 and 1042 for the same income.

    You're going to have trouble getting credit for that 1042-S withholding on a 1040.

    The more I know the more I don’t know.
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