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When reporting foreign bank interest, should I provide net or gross interest amount?
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June 3, 2019
11:50 AM
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Deductions & credits
You should report the gross interest amount. If you paid any foreign tax on this interest, you can claim it as a foreign tax credit on form 1116.
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June 3, 2019
11:50 AM
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Deductions & credits
Please read this TurboTax FAQ: <a rel="nofollow" target="_blank" href="https://ttlc.intuit.com/replies/3302405">https://ttlc.intuit.com/replies/3302405</a>
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June 3, 2019
11:51 AM