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it seems that i am not able to enter my foreign bank account interest if the assets did not exceed the threshold value of 100000. is that a bug in the software ?

 
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1 Reply
pk
Level 15
Level 15

it seems that i am not able to enter my foreign bank account interest if the assets did not exceed the threshold value of 100000. is that a bug in the software ?

@salil-moghe , you have to give more details as to the issue you are seeing.

(a) Which country is the earned interest from ?

(b) Is it being taxed there ( in that foreign country )?

(c) Are you just entering the interest income  like one would if one had a 1099-INT? Or what?

 

Generally there is no requirement of asset value ( domestic or foreign ) when recognizing  earned interest.  You are talking about an individual return and not a business return -- right ?

Or are you talking about FATCA form ( form 8938 )?

Please answer my questions and I will circle back --yes ?

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