Delete the info inserted into schedule B. To report the income, go to the Wages and Income and click on the 1099-INT button. Bring up a blank 1099-INT. Fill in the name of the payer, interest paid in box 1 and the foreign tax paid in box 6. Click continue and finish up.
For the credit, we need to know if you qualify for the exemption. If you are filing Single, is the amount $300 or less or if married filing jointly, the amount is $600 or less. With that info, we can continue.
