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Claiming FTC for taxes paid on interest income
I have a 1099-INT from a U.S. Bank for 2024, and no US taxes have been withheld. I have reported a portion of the 1099-INT income to Japan for 2024 and paid taxes on that as I moved to the country during 2024. Now I am preparing the US tax filing and having a difficult time claiming the FTC in Turbotax.
The 1099-INT doesn't appear as an option for me to choose to claim the FTC as the 1099-INT itself doesn't show any taxes I paid to Japan. How can include the actual taxes I paid to Japan relating to the U.S. bank deposit as a FTC in the U.S.? I saw some discussions on adding a mock 1099 and filling in the boxes 1 and 6 but not sure if that would erroneously increase my total taxable income.
I would appreciate your help on this!
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‎February 25, 2025
2:12 AM