@thomas-zornig , assuming that you a US person ( citizen/GreenCard/Resident for Tax Purposes ) , per your post and assuming that the country you are from has a Tax Treaty with the US in effect ( plus a mitigation of double taxation clause ), you report any interest and dividend income just as if you had a 1099-INT or 1099-DIV. Thus under Wages & Income tab, you select "I will choose what I work on ".
TurboTax will then show you a list of different income types. Here you choose the box/brick that says Interest. You fill out the required info --- Name of the entity distributing the income, ( no EIN ) and the amount of income.
For dividend income -- generally the same except that it will ask if there were any qualified dividend. Generally Foreign dividends are not qualified ( but look at this -- I cannot find this off hand but I know there is a list of entities and countries where the dividend can be qualified --- please check your dividend source ).
When you are all done with the income section, go to the "Deductions and Credits " tab. Select again " I will choose what I work on" and from the list of items ( Deductions and credits ) select "Foreign Tax Credit. TurboTax will help you fill out the form 1116 ( Foreign Tax Credit ) once you choose "credit" instead of "deduction".
You will have to choose "Passive Category" for the form 1116 . Your foreign source income is the sum of the interest / dividends etc. income per US tax laws. Your foreign Tax is what you paid to the foreign country.
Note that while the US will recognize all the taxes you paid , the allowable foreign tax credit for the year will be the lesser of what you actually paid and that imposed by the US ( US uses a ratiometric allocation based on the ratio of Foreign source income to your world income ).
Does this answer your query ? Is there more I can do for you ?
