Welcome back! Ask questions, get answers, and join our large community of tax professionals.
- Topics
- Training
- Community
- Product Help
- Industry Discussions
- User Groups
- Discover
- Resources
Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
- Intuit Accountants Community
- :
- ProSeries Tax
- :
- ProSeries Tax Discussions
- :
- How to report 1040-S
How to report 1040-S
Options
- Mark Topic as New
- Mark Topic as Read
- Float this Topic for Current User
- Bookmark
- Subscribe
- Printer Friendly Page
omega106
Level 1
04-20-2022
06:15 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
How do I report a 1040-S Foreign Income with code 15. My client received this form after her son died and she received her sons Life Insurance and 401K. I have never had a client with this form before and when I called IRS they said they could t help.
Labels
2 Comments 2
sjrcpa
Level 15
04-20-2022
06:22 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
1042-S?
Is your client a US citizen?
Nonresident alien?
Ex-AllStar
itonewbie
Level 15
04-20-2022
06:52 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Sounds like the mother never turned in the W-9 they requested. If that is the case and the mother is, indeed, a US citizen, green card holder, or resident alien, you'd report the income as you would normally and give the mother credit for the backup withholding.
In case the mother is resident of a treaty country, however, please come back and provide more details.
---------------------------------------------------------------------------------
Still an AllStar
Still an AllStar
