SusanY1
Expert Alumni

Get your taxes done using TurboTax

Yes, you will enter both of these items as interest.  To do this in the program select the option I will type it in myself. Next, simply enter the name of the bank or peer to peer program in the box marked Payer name and the amount of interest in Box 1 - interest income. 

 

Additionally, in the interview section of the program be sure to answer yes to the question (or check the box, whichever is applicable) to indicate that you were an owner of a foreign bank or other financial account.  This will ensure that the correct boxes are marked on your Schedule B.

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