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Foreign Bank Account - Interest and Taxes Paid
I have two bank accounts in a foreign country. I received Interest from both the banks and paid Taxes for interest received from Bank 1. I didn't receive 1099 from both banks. I entered the Interest amount in 1099-INT box 1 and taxes paid in box 6 for Bank 1; Interest amount in 1099-INT box 1 for Bank 2.
1. Is this correct?
2. How do I mark these incomes are from foreign bank?
3. Do I need to mark "FACTA filling requirements are checked"?
4. How I get credit for Taxes Paid in foreign from State (NJ)?
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‎April 3, 2023
1:48 PM