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Level 3
posted Feb 1, 2020 6:12:52 AM

foreign bank interest

Hello,

 

Adding more details and make it simple one..

 

I earned around $150 from foreign bank saving account interest. Since this is foreign bank, i don't have 1099-INT for foreign bank and that bank name is also not listed in Turbotax. In this case, can i just add new 1099-INT and add foreign bank interest in Box-1 ?

 

 

0 1 1550
1 Best answer
Expert Alumni
Feb 1, 2020 8:30:34 AM

 

Yes, you can do that by creating a 1099-INT replica and enter the information.  As long as it is reported as a taxable event on your tax return, that's all it matters.  

1 Replies
Expert Alumni
Feb 1, 2020 8:30:34 AM

 

Yes, you can do that by creating a 1099-INT replica and enter the information.  As long as it is reported as a taxable event on your tax return, that's all it matters.