1042S

Forum|Forum|2 years ago
June 5, 2024
2 replies
25 views

You know Proseries is on the decline these days. I have a non-resident taxpayer that came income and federal tax withholding on form 1042S and I was told by Proseries that 1042S isn't supported by Proseries. How have you guys dealt with such issues?

ProSeries Professional

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Jim-from-Ohio

Intuit Community Champion

ProSeries on a decline? 2023 tax year was one of the best ever for ProSeries.. As far as your 1042-S question. this has been addressd here: https://accountants.intuit.com/community/proseries-tax-discussions/discussion/1042-s-form/00/46419

N

nabdellaAuthor

Level 2

None answers my question. I am preparing 1040NR and Proseries told me it isn't supported. Income and withholding are both reported on form 1042S and Proseries can't produce such a simple form

sjrcpa

Level 15

The 1042S is produced by the payor. Income tax software won't prepare this, just like it does not prepare W-2s and 1099s.

The info from the 1042S goes on the 1040NR.

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

T

TAXMASTER72

Level 2

I found it!! For royalties, click on line 5 of schedule 1 to open schedule E and enter income. For 1042s withholdings enter on Form 1040NR Wks right under line 25f there is a Smart Worksheet for form 1042-s withholdings.

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