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Interest and Dividend Income

paisania999 — Tue, 11 Oct 2022 19:56:53 GMT

Hello Sir

I have earned interest and dividend income in India on which I have paid taxes in India, do I need to show them in my tax returns in USA and if yes than where ? and secondly will I get any credit as otherwise it will result in double taxation for me

Thanks in advance

Re: Interest and Dividend Income

Anonymous_ — Tue, 11 Oct 2022 20:04:54 GMT

@pk ?

Re: Interest and Dividend Income

Opus 17 — Tue, 11 Oct 2022 21:13:12 GMT

Asked and answered here. Did you change your name, or do two people have the identical question at the same time? (I guess it's tax time somewhere.)

https://ttlc.intuit.com/community/taxes/discussion/re-i-have-bond-interest-income-coming-from-india-which-i-plan-to-move-it-usa-tax-is-paid-on-the/01/2780074#M1007287

If you are a US taxpayer (citizen, green card holder, or resident) you report and pay income tax on all your world-wide income. You will get a credit or deduction if you paid tax in another country on the same income. You must report income paid to you during the calendar year (Jan-December) for US tax purposes, even though India uses a different tax calendar.