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New Member
posted Apr 4, 2025 7:14:23 AM

had foreign bank account and I received interest for 2024. But should I fill my interest earnings from foreign banks in the 1099 int form or fill fbar or both

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1 Replies
Expert Alumni
Apr 4, 2025 7:26:40 AM

You will report the interest income as if you received a 1099-INT.

Where do I enter Form 1099-INT?

 

You need to file FBAR if the aggregate value of your foreign financial accounts exceeds $10,000 at any time during the calendar year.