I have small interest for a foreing account. one of the question I get it to report schedule line and form line how do I find this ?
You report bank interest in the Schedule B line1.
If you are filling out form 8938 you use the above information..
To enter the interest income, you should:
You report the foreign taxes paid on the interest income.
The foreign tax paid is entered as follows:
Please make sure you report the interest income before claiming credit for foreign taxes paid.
@jul31 [Edited 03/6/22|1:02 pmPST]
You report bank interest in the Schedule B line1.
If you are filling out form 8938 you use the above information..
To enter the interest income, you should:
You report the foreign taxes paid on the interest income.
The foreign tax paid is entered as follows:
Please make sure you report the interest income before claiming credit for foreign taxes paid.
@jul31 [Edited 03/6/22|1:02 pmPST]
Thanks for your answer. for my foreign account I reported the interest with the 1099-int but when I wrap up the tax the software is asking me to report the schedule line and form line. I don't know what are those and how to find them? I didn't fill out the form 8938 form, should I do that, if yes can you indicate how I do that please?
I did fill out the Fbar report.
Thanks for your help
That would be Schedule B Line 4 and Form 1040 line 2b. You would report a 8938 if the FATCA filing requirement Box is checked on the 1099 INT.
thank you
Can I look up the Schedule B Line 4 and Form 1040 line 2b in turbo Tax? To make sure I enter it in the right place?
I didnt received a 1099 INT for this account but can I fill the 8938 form in turbo Tax?
Thanks
I did fill up the 8938 in turbo tax it is this form that is asking for the form and line and schedule and line which I cannot find.
Thanks