- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
…I should have clarified that the USA-Italy tax treaty allows for the re-sourcing of the USA and Canada sourced income to be considered Italy sourced interest income, thereby allowing the FTC to be calculated in removing the USA tax obligation on that same interest income. I am asking about the mechanics of getting all of that information input using the TurboTax online software program, as it is confusing. As I said, I can “force” the foreign tax by inputing a number in box 6 on each form 1099 entered in the income section, with that number being the 26% of the 1099 interest number that will be paid to Italy, but there isn’t a number in box 6 o; any of the 1099’s as issued.
February 25, 2025
11:50 AM