When reporting foreign bank interest, should I provide net or gross interest amount?

nuxclass · ‎June 3, 2019

MinhT · ‎June 3, 2019

You should report the gross interest amount. If you paid any foreign tax on this interest, you can claim it as a foreign tax credit on form 1116.

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nuxclass · ‎June 3, 2019

How to report this form 1116 in turbotax please?

MinhT · ‎June 3, 2019

Please read this TurboTax FAQ: <a rel="nofollow" target="_blank" href="https://ttlc.intuit.com/replies/3302405">https://ttlc.intuit.com/replies/3302405</a>

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