@namitaxi2 I am somewhat confused -- so
(a) are you US person , in the USA and have received interest income in another country from a local financial entity / person etc. ? If so you report the interest income --- use only the entity name and report the amount in US$ at the time of receipt -- just use city and country or similar
OR
(b) are you a US person , living in a foreign country and have received interest income locally ? In such a case use the same as above;
OR
(c) are you US person, living in US and reporting interest paid to a foreign entity and hence the need to issue 1099-INT to that person ---- you need foreign person/entity ITIN or similar to show that you paid an interest from US sources so they can file and pay their US taxes --
Help me out as to what the real situation is -- I am probably in the left field with this
Namaste
pk
