Yes, you should enter the interest you earned in your income. To post this go to:
- Income
- Scroll down to Interest & Dividends
- Select Interest on 1099-DIV
- I'll type it myself
- Enter the payer and amount
This will post it to both Schedule B and the 1040.
This accounts for earning the Income. You must now report the income.
.
When reporting form 8938 and FBAR, you should report the value of your foreign financial assets including the interest earned, and not only the interest earned. Unmarried individuals residing in the United States are required to file Form 8938 if the market value of their foreign financial assets is greater than $50,000 on last day of the year or greater than $75,000 at any time during the year.
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