What payer ID number is used to report foreign dividend and interest income (no 1099 provided)?

[marklew]

I have dividend and interest income from investments in India. How do I report them without having a 1099 from the payer? TurboTax is requiring I input a Federal payer ID number.  Thanks!

[HopeS]

If you are using TurboTax online you would enter a mock form 1099-DIV entry in TurboTax. 

Under Wages & Income, click on let's get the details from your Form 1099-Div or brokerage statement

You would enter the income in box 1(a). Only domestic companies would pay qualified dividends, so box 1(b) would be left blank.

You would then click on "my form has info in more than just these boxes' and enter the foreign tax paid in box 7 (if applicable). 

As you go through the Foreign Tax Credit section, you would enter the amount of foreign dividends you received and the amount of foreign taxes you paid.  See the steps below:

In TurboTax online,

• Open up your TurboTax account and select Pick up where you left off
• At the right upper corner, in the search box, type in "foreign tax credit" and Enter
• Select Jump to foreign tax credit
• Follow prompts
• Choose the Income Type, select "Passive Income"
• Follow prompts

If you paid taxes on the foreign dividends to both foreign and US government, you may claim a foreign tax credit on Form 1116 if it's more than $300.

@marklew 

[marklew]

Thank you for this response.  When I get to Federal Review, I still get the error message that Payer ID number is invalid.  I've tried using all zeroes, all nines, etc. but I still get an error message.  I don't know how to get around not having a valid Payer ID number.  Since it's from an Indian bank, there is no federal payer number (and no 1099-DIV or 1099-INT).  Thanks.

[ErnieS0 · Accepted solution]

If you can’t get all 0s, 1s, or 9s to work, TurboTax alumni expert @LinaJ2020 recommends entering your interest from India in other income.

1. Click Federal in the left column
2. Click Wages & Income 
3. Scroll down to Less Common Income. Tap Show more
4. Select Miscellaneous Income, 1099-A, 1099-C
5. Select Other reportable income
6. Say Yes to Any Other Taxable Income?
7. Enter a description and amount

See her solution at Turbo tax error on form 1099 "Payer's fedral Id is invalid for electronic filing", how to report interest from foreign bank