topic Where to put the foreign interest income on FORM 1040 LINE 2B & on SCHEDULE B LINE 1? in Get your taxes done using TurboTax

Where to put the foreign interest income on FORM 1040 LINE 2B & on SCHEDULE B LINE 1?

Josefh — Thu, 13 Mar 2025 18:30:51 GMT

Hi, am I supposed to put the foreign interest income on FORM 1040 LINE 2B & on SCHEDULE B LINE 1? I think this is the case, but I can't be 100% sure. I am sorry to have asked many questions already today - I need to file my tax return ASAP ... Thank you in advance !!!

Re: Where to put the foreign interest income on FORM 1040 LINE 2B & on SCHEDULE B LINE 1?

JamesG1 — Thu, 13 Mar 2025 18:46:45 GMT

Report foreign interest as if you had an IRS form 1099-INT for it.

IRS Schedule B will not print unless it reports interest income of $1,500 or more.

In TurboTax Online, follow these steps:

Down the left side of the screen, click Federal.
Down the left side of the screen, click Wages & Income.
Click the down arrow to the right of Investments and Savings.
Click to the right of Interest on 1099-INT.
At the screen Let's finish pulling in your investment income, click Add investments.

Re: Where to put the foreign interest income on FORM 1040 LINE 2B & on SCHEDULE B LINE 1?

Josefh — Thu, 13 Mar 2025 21:44:31 GMT

Thank you so much for your detailed explanations!!!