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Deductions & credits
As Charles mentioned, just enter the foreign interest the same way you would interest reported on a 1099-INT.
As for FBAR, if you are required to do so, file electronically through FinCENs BSA E-Filing System The FBAR is not filed with a federal tax return.
You may need to file Form 8938 - Statement of Specified Foreign Financial Assets. If so, in TurboTax:
- Click on Search
- Type in "Form 8938"
- Click on "Jump to Form 8938
- Answer Yes to "Do you have foreign financial assets?" and click Continue
The program will guide you through completing your Form 8938.
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March 22, 2020
6:30 PM
38,927 Views