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Deductions & credits
You can report it under Other Income so that you will be able to e-file. Here are the steps:
In TurboTax online,
- Sign in to your account, select Pick up where you left off
- To the right upper corner, in the search box, type in "other reportable income" and Enter
- Select Jump to other reportable income
- Next screen, Other Wages Received, select No to continue
- Next screen, scroll down all the way to the bottom, under Other reportable income, select Start
- Next screen, Any Other Taxable Income? select Yes to continue
- Enter a description and the amount.
Technically, you would enter a Form 1099 for interest, dividends to create a Schedule B. However, with a foreign entity, you would not have a US FEIN to qualify for the e-file. To workaround, I would suggest you enter the information under Other Income in the program. To the IRS, as long as the total amount is reported on your taxes as Other income on line 7a Form 1040, you should be Okay.
@tj45
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‎February 29, 2020
9:03 AM