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Do I need to report interest income from bank in Puerto Rico (form 480.6A) in the amount of $76.25? If so, how/where do I include this interest income in turbo tax 1040?
I'm a resident of Michigan filing federal tax return in turbo tax. I have a bank account in Puerto Rico to take care of mother who resides in Puerto Rico. I received form 480.6A from the bank stating the interest earned in the account for 2016, totaling $76.25. I'm trying to find out if/how to report this in the turbo tax 1040, as the form is not the same as U.S. banks. How do I do this?
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‎June 4, 2019
10:24 PM