SusanY1
Expert Alumni

Deductions & credits

Even though you may not have to report the accounts on an FBAR, you need to report the interest earned as you are required to report all of your income earned, worldwide, if you are filing a U.S. resident tax return.  You report it the same as interest on a U.S. bank account, by entering it as interest income in the Wages & Income section of the program.  

 

You will not have a U.S. tax form 1099-INT so select "Type it in myself" and skip import.  Then enter the interest in the field for Box 1.

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