Skip to main content
April 14, 2025
Question

RA but received 1042-s for CD

  • April 14, 2025
  • 1 reply
  • 0 views

I am a Resident Alien but received 3 1042-S from bank for CDs I have saved in 2024 with income code 29. How should I report them on turbotax? 

1 reply

April 14, 2025

Report the interest as if you were recording an IRS form 1099-INT.

 

In TurboTax Online, report the Interest income as follows:

 

  • Down the left side of the screen, click Federal.
  • Down the left side of the screen, click Wages & Income.
  • Scroll down to Investments and Savings and click on the dropdown menu.
  • Click Start/Revisit to the right of Interest on 1099-INT.

 

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"