- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
Based on the definition below:
The IRS defines passive income as activities where the taxpayer does not materially participate.....
the pension ("Foreign social security") that I am receiving monthly is to be considered passive.
Now, I will need to report very small interest and dividend income (from overseas) and no 1099-INT or 1099-DIV forms aren't available. Data from my brokerage account here in the U.S. can be imported automatically by TT.
With regard to the order or sequence in which I need to report INT/DIV income; does it make a difference?
Best!
JJ
March 2, 2025
10:04 AM