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Level 2
April 12, 2022
Solved

Foregin account interest

  • April 12, 2022
  • 3 replies
  • 13 views
do not have 1099-INT form from foregin account. where to enter interest income from foregin bank. FEIN cannot leave blank as per tools navigation restriction
Best answer by MayaD

To avoid any error message you can report the foreign interest as Other Income:

  1. Login to your account, select Pick up where you left off
  2. In the search box, type in "other reportable income" and Enter
  3. Select Jump to other reportable income
  4. Next screen, Other Wages Received, select No to continue
  5. Scroll all the way down, under Other reportable income, select Start
  6. Next screen, Any Other Taxable Income? select Yes to continue
  7. Enter a description and the amount.

3 replies

MayaDAnswer
Alumni - Intuit
April 12, 2022

To avoid any error message you can report the foreign interest as Other Income:

  1. Login to your account, select Pick up where you left off
  2. In the search box, type in "other reportable income" and Enter
  3. Select Jump to other reportable income
  4. Next screen, Other Wages Received, select No to continue
  5. Scroll all the way down, under Other reportable income, select Start
  6. Next screen, Any Other Taxable Income? select Yes to continue
  7. Enter a description and the amount.
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swamihAuthor
Level 2
April 12, 2022

Thanks, I did the same thing but I got error to enter few details in the 2555-T form.

I found other post for the same issue, it says need service code to upgrade to remove this form.

Now need to know how to get service code.

swamihAuthor
Level 2
April 12, 2022

I fixed the issue by going to tools-> deleted the 2555-T form.