It depends. Enter foreign interest the same that you enter domestic interest.
- Log into Turbo Tax.
- Go to Federal>wages and income>
- Interest and Dividends>interest on 1099 INT
Please note you may need to file form 8938 if the following two conditions apply.
- Unmarried taxpayers living in the US: The total value of your specified foreign financial assets is more than $50,000 on the last day of the tax year or more than $75,000 at any time during the tax year
- Married taxpayers filing a joint income tax return and living in the US: The total value of your specified foreign financial assets is more than $100,000 on the last day of the tax year or more than $150,000 at any time during the tax Year.
Please read these IRS instructions regarding Form 8938.
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