MarilynG1
Expert Alumni

Deductions & credits

Please enter your foreign interest income AS IF you have received 1099-INT for it and enter interest income in box 1. If you paid any foreign taxes on the interest income, enter them in box 6 of 1099-INT form (be sure to indicate that you have more than just box on the form). 

  1. Federal Taxes
  2. Wages and Income
  3. Interest and Dividends, select Interest on 1099-INT

What type of foreign Other Income did your wife receive?  Generally, you report your foreign income where you normally report your U.S. income on your tax return

 

Earned income (wages) is reported on line 7 of Form 1040; interest and dividend income is reported on Schedule B; income from rental properties is reported on Schedule E, etc.

 

Click this link for more info on Reporting Foreign Income

 

Unless your Foreign Bank Account was over 10K, you don't need to report the account in this section.  Unless your Foreign Asset is valued over 100K, you also don't need to report in this section. 

 

 

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