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How can I enter mortgage interest from my foreign residence? Canadian banks don't issue 1098 forms.

 
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1 Reply
JamesG1
Expert Alumni

How can I enter mortgage interest from my foreign residence? Canadian banks don't issue 1098 forms.

Report interest received from a foreign bank as if you were entering and IRS form 1099-INT.

 

EIN is not a required entry when entering the form.  In TurboTax Online, you will enter your 1099-INT as follows:

 

  • Down the left side of the screen, click on Federal.
  • Down the left side of the screen, click on Wages & Income.
  • Click to the right of Investments and Savings.
  • Click to the right of Interest on 1099-INT.
  • Click Add investments.
  • At the screen Let's import your tax info, select Enter a different way.
  • At the screen OK, let's start with one investment type, select Interest.  Click Continue.
  • Click Type it in myself.
  • Enter interest information.

Click My form has info in other boxes to enter Foreign tax paid in Box 6.

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