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How do I report Interest earned in foreign country and taxes paid in foreign country.
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How do I report Interest earned in foreign country and taxes paid in foreign country.
you report it just like you had received a 1099-INT from a bank here --- there is really no difference other than that you would not have a 1099 -INT to enter from.
You will also have to choose whether you want foreign tax credit or deduction for foreign taxes paid
If you need more on this , please add your questions in comment
Namaste ji
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