Focusing then on Form 1116 for the foreign source passive income in TY2022.
In 1099-INT, I entered the foreign bank account interest amount in Box 1. This interest was sourced from the United Kingdom.
In 1099-DIV, I entered the amount in Box 1a ordinary dividends, Box 1b qualified dividends, and box 7 foreign tax paid. The return is for married filing jointly, and the foreign tax paid is less than $600. On later screens, I have also identified and reported the amount of foreign dividends received, and noted that Canada is the foreign country to which the foreign tax in box 7 was paid.
In the foreign tax credit entry section, I report that I received dividend income from Canada, confirm the 1099-DIV on which this income was reported, and confirm the amount of foreign source dividend income from Canada.
On the country summary, I enter Canada and United Kingdom as the countries from which I have received foreign source passive income. The Canada sourced dividend income was entered in the 1099-DIV section. The UK sourced income was entered in the 1099-INT section.
Turbotax generates a Form 1116 for passive income from Canada (column A) and United Kingdom (column B).
For Canada, Form 1116 picks up all of the related information from the 1099-DIV and enters it in column A. But for United Kingdom, it does not pick up any of the information from the 1099-INT. Column B is blank. This is understandable as there does not appear a way to identify the interest income as being sourced from the United Kingdom.
How do I identify the relevant interest income as being sourced from the United Kingdom?
