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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

  • March 19, 2025
  • 1 reply
  • 17 views
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
    This topic has been closed for replies.

    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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