Please enter
your foreign interest income AS IF you
have received 1099-INT for it and enter interest income in box 1. If you
paid any foreign taxes on the interest income, enter them in box 6 of 1099-INT form (be sure to
indicate that you have more than just box on the form - see pic). And you are correct to do so in U.S. dollars.
- Federal Taxes
- Wages and Income
- Interest and Dividends, select Interest on
1099-INT
Note: You may have to file form Fincen 114, if
your foreign account(s) exceed $10000 at any time during 2016. You have
to file it through the Treasury website: http://bsaefiling.fincen.treas.gov/NoRegFBARFiler.html
