Foreign Account Interest, Do I calculate the value before the foreign government took tax out of it or after?

Minehava · ‎January 30, 2025

DaveF1006 · ‎January 31, 2025

You will report the amount of interest before the foreign government took withholding tax out. You may claim a foreign tax credit for the amount of withholding so you will not be double taxed by the foreign country and the US.

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DaveF1006 · ‎January 31, 2025

You will report the amount of interest before the foreign government took withholding tax out. You may claim a foreign tax credit for the amount of withholding so you will not be double taxed by the foreign country and the US.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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Foreign Account Interest, Do I calculate the value before the foreign government took tax out of it or after?