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Deductions & credits
You must remember to properly respond to the questions on whether you owned foreign assets or a bank account with a balance greater than $10,000 USD at any time during the year, and /or if those assets were greater than $100,000. Entering as a 1099-INT will NOT address these questions and guide you through the proper interview series of questions. You can find this under Wages and Income > Interest and Dividends > 1099-OID, foreign accounts. This will generate the appropriate forms.
May 17, 2021
6:46 PM