I live in Germany and own different accounts or financial assets earning (not much, but a bit) interest. I have filed my FBARs so far and I believe I comply with everything.
However there are two big things I need help on.
- I have accounts with different banks generating little interest. I do not receive any forms to file with the IRS, but only statements that are used in Germany.
As I understand, I must file these interest values in the "Interest and Dividends" section and then "Interest on 1099-INT" (Most interest income is reported on Form 1099-INT. However, you may find interest income on a consolidated broker's or financial institution statement. You may not receive a Form 1099-INT if your interest income was less than $10.) - Additionally I have little investments in some Peer to Peer lending platforms (in Germany/Europe). Now I understand this not to be considered Passive Income, but interest/portfolio income. (https://ttlc.intuit.com/community/taxes/discussion/how-do-i-enter-interest-income-from-peer-to-peer-...)
Does this mean I also just add these under the Interest Income section as above?
Thank you all very much for your help!
