NicoleU
New Member

Deductions & credits

You would need to enter the Interest amount in Box 1, and  the Foreign Tax paid in Box 6.

You will need to also work on the foreign tax credit section to see if you can get a credit or deduction for the amount of taxes paid. You can do that by following the links for Federal Taxes, then Deductions & Credits, click on I'll choose what I work on; then scroll down to Estimates and Other Taxes Paid sections and clicking the "Start" or "Update" button next to Foreign Taxes.

Turbotax does not support the FBAR from Fincen 114, which you need to file if you have $10,000 or more in your foreign accounts. You have to file it through the Treasury website: http://bsaefiling.fincen.treas.gov/NoRegFBARFiler.html