Reporting foreign intertest

mofalaki — Tue, 17 Mar 2026 00:41:38 GMT

How to report in Turbo tax 2025 foreign interest income from a Canadian bank account reported on Canadian Income tax form NR4?

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Re: Reporting foreign intertest

pk — Tue, 17 Mar 2026 15:51:00 GMT

@mofalaki , you report earned interest from foreign source just as you would for domestic interest. I generally follow --> under personal income tab, select " I will choose what I work on " and then after satisfying the W-2 related prompts/ entries, from the drop down list of types of incomes, select interest income. Thereafter it will ask if you have "Investment income say "yes", then choose "I will enter myself", then will present you with "tablets" for 1099-INT, 1099-DIV etc. Choose 1099-INT. This will then allow you to enter interest earnings with a whole bunch of boxes --- enter only the name " Who did you receive interest from " and fill in the appropriate boxes. It will allow multiple interest earnings, one source at a time ( clicking the "add investment source ") .

Then when you go to the "deductions and Credits " tab, again choose " I will choose what I work on ", then enter all your normal deduction and credit claims. Lastly under "other estimated taxes etc. " group choose Foreign Taxes Paid. This is where you enter any foreign taxes paid to the Foreign Taxing Authority ( Canada in your particular case ). Choose Credit and follow through.

Does this help ? Or did I mis-read your issue ?

topic Re: Reporting foreign intertest in Deductions & credits

Reporting foreign intertest

Re: Reporting foreign intertest