Form 1042-S code finder

Common payments and their codes

Payment	Box 1 income	Ch. 3 exemption / rate	Ch. 4 exemption / rate	Ch. 3 status	Ch. 4 status	Box 13n
Foreign contractor, services performed abroad	No Form 1042-S (foreign-source)
Foreign individual contractor, U.S. services, accepted Form 8233 (treaty-exempt)	17	04 / 0.00	16 / 0.00	16	23
Foreign individual contractor, U.S. services, no exemption	17	(none) / 30.00	16 / 0.00	16	23
Software or content license to a foreign company, treaty rate on W-8BEN-E	12	04 / treaty rate	16 / 0.00	15	22 (active NFFE)	LOB code from line 14b
Patent royalty, no treaty claim	10	(none) / 30.00	16 / 0.00	15 or 16	as certified
Interest to a foreign parent company (active NFFE), treaty rate	01	04 / treaty rate	15 / 0.00	15	22	LOB code
Interest that qualifies as portfolio interest	01	05 / 0.00	15 / 0.00	15 or 16	as certified
Dividend to a nonparticipating FFI	06	12 / (chapter 4)	(none) / 30.00	15	15
Fee to a foreign company with a W-8ECI	see the instructions	01 / 0.00	14 / 0.00	15	as certified
Taxable scholarship to an F-1 student	16	02 / 14.00	16 / 0.00	16	23

From 2026 a chapter 3 exemption code is required whenever less than 30% is withheld. The chapter 3 withholding calculator works out the codes for one payment.

Box 1: income codes

Code	Income	Group
01	Interest paid by U.S. obligors, general	Interest
02	Interest paid on real property mortgages	Interest
03	Interest paid to controlling foreign corporations	Interest
04	Interest paid by foreign corporations	Interest
05	Interest on tax-free covenant bonds	Interest
22	Interest paid on deposit with a foreign branch of a domestic corporation or partnership	Interest
29	Deposit interest	Interest
30	Original issue discount (OID)	Interest
31	Short-term OID	Interest
33	Substitute payment, interest	Interest
51	Interest paid on certain actively traded or publicly offered securities (treaty rate applied without a U.S. TIN or FTIN)	Interest
54	Substitute payments, interest from certain actively traded or publicly offered securities	Interest
06	Dividends paid by U.S. corporations, general	Dividends
07	Dividends qualifying for direct dividend rate	Dividends
08	Dividends paid by foreign corporations	Dividends
34	Substitute payment, dividends	Dividends
40	Other dividend equivalents under IRC section 871(m)	Dividends
52	Dividends paid on certain actively traded or publicly offered securities	Dividends
53	Substitute payments, dividends from certain actively traded or publicly offered securities	Dividends
56	Dividend equivalents under IRC section 871(m) as a result of applying the combined transaction rules	Dividends
09	Capital gains	Other
10	Industrial royalties	Royalties
11	Motion picture or television copyright royalties	Royalties
12	Other royalties (for example, copyright, software, broadcasting, endorsement payments)	Royalties
13	Royalties paid on certain publicly offered securities	Royalties
14	Real property income and natural resources royalties	Other
15	Pensions, annuities, alimony, and/or insurance premiums	Other
16	Scholarship or fellowship grants	Services and grants
17	Compensation for independent personal services	Services and grants
18	Compensation for dependent personal services	Services and grants
19	Compensation for teaching	Services and grants
20	Compensation during studying and training	Services and grants
23	Other income (only U.S.-source FDAP income not reportable under any other code)	Other
24	Qualified investment entity (QIE) distributions of capital gains	Other
25	Trust distributions subject to IRC section 1445	Other
26	Unsevered growing crops and timber distributions by a trust subject to IRC section 1445	Other
27	Publicly traded partnership distributions subject to IRC section 1446(a)	Other
28	Gambling winnings	Other
32	Notional principal contract income	Other
35	Substitute payment, other	Other
36	Capital gains distributions	Other
37	Return of capital	Other
38	Eligible deferred compensation items subject to IRC section 877A(d)(1)	Other
39	Distributions from a nongrantor trust subject to IRC section 877A(f)(1)	Other
41	Guarantee of indebtedness	Other
42	Earnings as an artist or athlete, no central withholding agreement	Services and grants
43	Earnings as an artist or athlete, central withholding agreement (only if Letter 4492 was issued)	Services and grants
44	Specified federal procurement payments	Other
50	Income previously reported under escrow procedure	Other
55	Taxable death benefits on life insurance contracts	Other
57	Amount realized under IRC section 1446(f)	Other
58	Publicly traded partnership distributions, undetermined	Other
59	Consent fees (optional for 2026)	Other
60	Loan syndication fees (optional for 2026)	Other
61	Settlement payments (optional for 2026)	Other

If pay that would be coded 17 to 20 is directly attributable to the recipient's occupation as an artist or athlete, use 42 or 43 (and recipient status 22). Codes 51 to 54 and 13 are only for income from marketable securities where a treaty rate was applied without a U.S. TIN or foreign TIN.

Box 3a: chapter 3 exemption codes

Code	Authority for exemption or reduced rate
01	Effectively connected income
02	Exempt or reduced withholding under IRC (only if no other chapter 3 code applies; e.g., 14% scholarships)
03	Income is not from U.S. sources
04	Exempt or reduced withholding under tax treaty
05	Portfolio interest exempt under IRC
06	QI that assumes primary withholding responsibility
07	Withholding foreign partnership or withholding foreign trust
08	U.S. branch treated as U.S. person
10	QI represents that income is exempt
11	QSL that assumes primary withholding responsibility
12	Payee subjected to chapter 4 withholding
22	QDD that assumes primary withholding responsibility
23	Exempt under section 897(l)
24	Exempt under section 892

Box 4a: chapter 4 exemption codes

Code	Authority for exemption
13	Grandfathered payment
14	Effectively connected income
15	Payee not subject to chapter 4 withholding
16	Excluded nonfinancial payment
17	Foreign Entity that assumes primary withholding responsibility
18	U.S. payees of participating FFI or registered deemed-compliant FFI
19	Exempt from withholding under IGA
20	Dormant account
21	Other payment not subject to chapter 4 withholding

Chapter 3 status codes (boxes 12b, 13f, 15b, 16d)

Code	Status
05	U.S. branch, treated as U.S. person
06	U.S. branch, not treated as U.S. person
07	U.S. branch, ECI presumption applied
08	Partnership other than withholding foreign partnership, publicly traded partnership, or partnership QDD
09	Withholding foreign partnership
10	Trust other than withholding foreign trust
11	Withholding foreign trust
12	Qualified intermediary
13	Qualified securities lender, qualified intermediary
14	Qualified securities lender, other
15	Corporation
16	Individual
17	Estate
18	Private foundation
19	International organization
20	Tax exempt organization (section 501(c) entities)
21	Unknown recipient
22	Artist or athlete
23	Pension
24	Foreign central bank of issue
25	Nonqualified intermediary
26	Hybrid entity making treaty claim
35	Qualified derivatives dealer
36	Foreign government, integral part
37	Foreign government, controlled entity
38	Publicly traded partnership
39	Disclosing qualified intermediary
40	Partnership QDD
41	U.S. government entity or tax exempt entity (other than section 501(c) entities); withholding agent box 12b only
27	Withholding rate pool, general (QI, QSL, WP, WT only)
28	Withholding rate pool, exempt organization
29	PAI withholding rate pool, general
30	PAI withholding rate pool, exempt organization
31	Agency withholding rate pool, general
32	Agency withholding rate pool, exempt organization

Chapter 4 status codes (boxes 12c, 13g, 15c, 16e)

Code	Status
01	U.S. withholding agent, FI
02	U.S. withholding agent, other
03	Territory FI, not treated as U.S. person
04	Territory FI, treated as U.S. person
05	Participating FFI, other
06	Participating FFI, reporting Model 2 FFI
07	Registered deemed-compliant FFI, reporting Model 1 FFI
08	Registered deemed-compliant FFI, sponsored entity
09	Registered deemed-compliant FFI, other
10	Certified deemed-compliant FFI, other
11	Certified deemed-compliant FFI, FFI with low value accounts
12	Certified deemed-compliant FFI, nonregistering local bank
13	Certified deemed-compliant FFI, sponsored entity
14	Certified deemed-compliant FFI, investment entity that does not maintain financial accounts
15	Nonparticipating FFI
16	Owner-documented FFI
17	U.S. branch, treated as U.S. person
18	U.S. branch, not treated as U.S. person (reporting under section 1471)
19	Passive NFFE identifying substantial U.S. owners
20	Passive NFFE with no substantial U.S. owners
21	Publicly traded NFFE or affiliate of publicly traded NFFE
22	Active NFFE
23	Individual
24	Section 501(c) entities
25	Excepted territory NFFE
26	Excepted NFFE, other
27	Exempt beneficial owner
28	Entity wholly owned by exempt beneficial owners
29	Unknown recipient
30	Recalcitrant account holder
31	Nonreporting IGA FFI
32	Direct reporting NFFE
33	U.S. reportable account
34	Nonconsenting U.S. account
35	Sponsored direct reporting NFFE
36	Excepted inter-affiliate FFI
37	Undocumented preexisting obligation
38	U.S. branch, ECI presumption applied
39	Account holder of excluded financial account
40	Passive NFFE reported by FFI
41	NFFE subject to 1472 withholding
50	U.S. withholding agent, foreign branch of FI
42	Recalcitrant pool, no U.S. indicia
43	Recalcitrant pool, U.S. indicia
44	Recalcitrant pool, dormant account
45	Recalcitrant pool, U.S. persons
46	Recalcitrant pool, passive NFFEs
47	Nonparticipating FFI pool
48	U.S. payees pool
49	QI-recalcitrant pool, general

Box 13n: limitation-on-benefits codes

Code	LOB treaty category
02	Government, contracting state, political subdivision or local authority
03	Tax exempt pension trust or pension fund
04	Tax exempt or charitable organization
05	Publicly traded corporation
06	Subsidiary of publicly traded corporation
07	Company that meets the ownership and base erosion test
08	Company that meets the derivative benefits test
09	Company with an item of income that meets the active trade or business test
10	Discretionary determination
11	Other
12	No LOB article in treaty