Form 1042-S Guide (for International Accounts)

We may be an ocean or border apart, but you’re never too far from taxes. 

If your account received any income that was subject to tax withholding, then chances are you will receive a Form 1042-S. In a nutshell, the key concept to understand is the IRS’s definition of income. For most accounts, income usually arrives in the form of a dividend or interest payment.

*Please Note: The tax treaty your country has with the United States determines the withholding rate on your account. If you believe the withholding tax rate on your account is incorrect, then you will need to submit a new W8-BEN via-email to our accounts team at To read more about the United States Income Tax Treaties then please visit the IRS website by clicking here.

To determine your profit or loss from trading, you will need to refer to the tax worksheets and year-to-date file in our tax center. To learn how to determine your gain or loss from trading, please click here.

You can view our form guide (PDF) below within this article. You can also find a link to download this PDF guide at the bottom of this article. We know taxes can get complicated, which is why we designed an easy-to-understand guide to your Form 1042-S.

tastytrade, Inc. nor any of its employees or affiliates are licensed tax professionals, and do not provide tax or retirement advice. Please consult a tax or financial advisor about your specific retirement planning needs and questions.