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gilsonfpf
New Member

How to enter 1099-INT for a foreign bank without a FEIN?

Turbotax is rejecting the 1099-INT without a FEIN and don't allow to proceed. I've tried to keep it blank, fill with 0s, 1s and 9s without success.
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5 Replies
MelindaS1
Employee Tax Expert

How to enter 1099-INT for a foreign bank without a FEIN?

A workaround that has functioned for other users is to enter it in the FEIN format, but with all 0's. Although I see that you tried all-zeroes before, ensure that you are using the correct 9 digit format:

 

00-0000000

 

Is there a more specific error message that comes up when you try these workarounds? 

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gilsonfpf
New Member

How to enter 1099-INT for a foreign bank without a FEIN?

Entered exactly 00-0000000

During the checking it says: "Payer's Federal ID Number is invalid. You must enter a valid employer identification number."

Karis_F
Employee Tax Expert

How to enter 1099-INT for a foreign bank without a FEIN?

You can enter interest income from a foreign bank in TurboTax without entering an EIN.

 

Go to Wages & Income>Investments and Savings and Add Investments then Enter a different way.

 

Select Interest, Type it in myself, and enter payer's name and interest amount.

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gilsonfpf
New Member

How to enter 1099-INT for a foreign bank without a FEIN?

This option could not be found. Everywhere where there is interest earning it looks for a 1099-INT.

LeticiaF1
Employee Tax Expert

How to enter 1099-INT for a foreign bank without a FEIN?

When you enter the 1099-INT following the directions given above by Karis_F, you will be able to enter your form without having to enter a tax ID for the bank.  

 

  1. Go to Wages & Income
  2. Select Investments and Savings and Add Investments
  3. Select  Enter a different way
  4. Select the 1099-INT and Type it in myself
  5. Enter payer's name and interest amount

See the images below for your reference:

 

 

 

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