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Deductions & credits
Yes, you should be able to claim a foreign tax credit if the foreign tax collected was imposed by the foreign government. To claim it, you will need to report the interest income and then declare how much foreign tax paid in Box 6. Here is how to report.
- federal>income and expenses
- Interest and Dividends>1099 INT
- Even though you don't have this form, you can pretend like you do.
- You can list the name of the Bank under received from and report the interest income in Box 1 and the tax that was withheld in Box 6.
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‎April 7, 2022
5:20 PM