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sanjay
Returning Member

How do I report Interest earned in foreign country and taxes paid in foreign country.

 
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1 Reply
pk
Level 15
Level 15

How do I report Interest earned in foreign country and taxes paid in foreign country.

you report it just like you had received a 1099-INT from a bank here --- there is really no difference other than that you would not have a 1099 -INT to enter from. 

You will also have to choose whether you want foreign tax credit or deduction for  foreign taxes paid

If you need more on this , please add your questions in comment

Namaste ji

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