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Deductions & credits
1. I have some interest income earned on my foreign savings accounts/ other investments products. Is there a minimum threshold for this foreign interest income to be reported while filing US Taxes?
2. The interest income on some investment products in India are tax-free in India. Will that interest income be tax-free in US also or not ?
4. Should I report foreign interest income in the same page as 1099-INT on Turbotax ?
3. Do I need to submit Form 8938 ? What are the criterion that needs 8938 to be filled ?
March 20, 2021
8:28 AM