How do I handle this form. This client is a resident of the US since 1953. He has a retirement of $3000.00 a year plus SS. This year the pension trust sent him a Form 1042-s with w/h of $900. How is this form reported. I have already reported his income from another 1099R same income, from the same pension trust. Now this form comes and it has w/h's.
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No Way to Lose
Looks like if you've already reported the income, the only additional endowment of information is you've just found out he had $900 withheld.
No Way to Lose. Re-file an amended return for a $900 refund.
As to why the issuer would send out BOTH a 1099-R and a 1042-S, I don't know. Hopefully the IRS is not expecting reporting of double income.
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