1042-S FORM-

[Veronica]

Not supported by ProSeries professional software. Is there another way to report it on the 1040?

[Terry53029]

This is from IRS instructions: Forms 1042-S, whether filed on paper
or electronically, must be filed with the
IRS by March 16, 2020. You also must
furnish Form 1042-S to the recipient of
the income by March 16, 2020.
Copy A is filed with the IRS. Send all
paper Forms 1042-S with Form 1042-T,
Annual Summary and Transmittal of
Forms 1042-S, to the address in the
Form 1042-T instructions. You must use
Form 1042-T to transmit paper Forms
1042-S. Use a separate Form 1042-T to
transmit each type of Form 1042-S.

[Veronica]

I am sorry. Let me correct that. My taxpayer received a 1042 s. How or where on the 1040 do I input the information. I have seen other posts that say proseries does not support it. Is there another way to report it on the 1040?

?

[Terry53029]

this is from IRS also: Foreign source income (non-U.S. source income) paid to a nonresident alien is normally not subject to U.S. tax. Income from sources outside of the United States is exempt from NRA withholding under Internal Revenue Code Section 1441(a). It is normally not required to be reported on an information return. If you choose to report the income item on a Form 1042-S, use Exemption Code 03, Income is not from U.S. sources, when entering an amount for information reporting purposes

[Terry53029]

Go to this link for complete instructions: https://www.irs.gov/pub/irs-pdf/i1042s.pdf

[Katie C]

Why does Proseries not support this?

[sjrcpa]

Because it does not belong on a 1040. Although I've seen them issued in error.

If you're preparing a 1040NR there should be a place to enter federal withholding from  1042-S.

Other wise ignore the form and report the income wherever it belongs on the 1040 - interest, dividends, etc.