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How does one (resident for tax purposes in US) report interest income on CDs held in a foreign bank without 1099-INT?
The bank has given a 1099-OID form but has not provided any 1099-INT form. The 1099-OID form does not include foreign tax paid.
1. Should one calculate the total interest received and tax paid manually?
2. Is the manually calculated amount related in any way to what is printed on 1099-OID?
3. Should both the manual amount and the 1099-OID amount be reported on tax returns?
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‎June 6, 2019
9:47 AM