PRIYA200892
Returning Member

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 ?