I have a foreign bank account that earns interest. (I know the foreign interest is taxable in the US.)
The foreign bank also charges a monthly fee.
Can I deduct the foreign bank's monthly fee? Or can I enter it as some kind of expense?
If so, where in TurboTax can I do so?
The monthly fee is not considered a foreign tax. It is simply an administrative fee.
The foreign bank account is not used for a small business. I am not self-employed.
