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How to report foreign interest income without a FEIN?

This is still not a satisfying solution.  If are allowed to enter a GIIN number, then the label to that field should specifically say "Enter FEIN or in the case of a foreign entity the GIIN".

SusanY1
Expert Alumni

How to report foreign interest income without a FEIN?

A GIIN isn't allowed.  I'm not sure why it works in some instances, but for a foreign institution, the FEIN box should be blank.  Typically, efiling is allowed with this blank as long as nothing is entered (including a zero) in the withholding box.  The FEIN is only required for 1099-INT when there is US withholding. 

@chag2020 

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How to report foreign interest income without a FEIN?

Thank you for clarification.  What about  1099-R foreign life insurance surrender?  It seems to require FEIN.

DaveF1006
Expert Alumni

How to report foreign interest income without a FEIN?

Enter 99-0999999 as this seems to work in most cases.

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pk
Level 15
Level 15

How to report foreign interest income without a FEIN?

@gosanth  generally agreeing with the answers here from all of my colleagues , please note that depending on exact facts and circumstances, a foreign life insurance  may be classified as  PFIC and  subject to its onerous rules.  Tell more about the  insurance company, type of insurance  ( whether ULIP or whatever etc. ) and the country where it is .  I am assuming here that you are US person ( citizen/GreenCard/ Resident for Tax purposes ).

 Will circle back once I hear your response.

How to report foreign interest income without a FEIN?

Leaving the FEIN field blank won't work for my version of Turbo Tax (Premier).  Please stop talking about workarounds and instead please provide a valid solution for this situation!

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