My client received a Form 1042-S. Where can I record that information on the return?
Beginning with Drake16, a 1042 Foreign Person's U.S. Source Income Subject to Withholding screen is available. This screen resembles the issued 1042-S form that the taxpayer received. This screen can be located in data entry on the Foreign tab> 1042 screen.
There are several required data entry points if this screen is used on an e-filed 1040-NR return. These fields are highlighted in light blue.
In Drake15 and prior years, some possible Drake Software data entry points for Form 1042-S, Foreign Person's U.S. Source Income Subject to Withholding include:
- 2555 screen
- NR screen (1040NR)
- Screen 3, line 21
For more information, see the Instructions for Form 1042-S.