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Level 2
December 18, 2022
Solved

Interest Received from a Company outside USA where no 1099-INT will be received

I received interest I made to a company in england and will not be receiving a 1099-int so what do I need to do (if anything) and how do I report this interest?

    rjs
    rjsAnswer
    Level 15
    December 18, 2022

    Enter the interest in TurboTax as if you did get a 1099-INT. All you have to enter is the payer's name and the amount of interest. You have to enter the amount in U.S. dollars.

     

    2 replies

    Mike9241
    Level 15
    Level 15
    December 18, 2022

    use the1099-int form or section when you go through the interview (step-by-step) process. in the uS all income regardless of source is taxable,

     

    Mike9241
    rjs
    Level 15
    rjsLevel 15Answer
    Level 15
    December 18, 2022

    Enter the interest in TurboTax as if you did get a 1099-INT. All you have to enter is the payer's name and the amount of interest. You have to enter the amount in U.S. dollars.