Enter the interest from a foreign country as miscellaneous income. You can't enter the form directly with a foreign address. This will be taxed the same as if it were entered as a 1099-INT.
Enter the interest from a foreign country as miscellaneous income. You can't enter the form directly with a foreign address. This will be taxed the same as if it were entered as a 1099-INT.
How do we get Tax credit on this Foreign int income?
You will need to make two entries. The first is to enter the income. The second is to go to 'Deductions and Credits' in your federal return and scroll down to 'Estimates and Other Taxes Paid'. Click start next to foreign tax credit and enter the foreign taxes that you paid there. It's a lot of questions (and you'll have to enter the foreign income there as well) but it'll get you that credit.