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Hi,
I am reporting interest and dividend from foreign bank account / asset because I reached the threshold amount for reporting. I chose Turbo tax's option of walk me through everything and that's how I entered the interest for foreign deposit and dividend for foreign asset. I looked at the answers here on how to fill up the "where reported" form and line / schedule and line under box d and e. But when I reviewed my form 1040 and Schedule B, the only amount appearing there are the ones from 1099-Int from US bank accounts. The interest and dividend from foreign bank account / asset, only appears in form 8938. How do I correctly enter them? Thanks!
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You will need to enter the interest/dividends again in the corresponding area of the main program (where the US interest and dividends are). You won't have the same forms, of course (1099DIV or 1099INT) or an EIN but you will fill in the other information as best you can. This will record the income.
You will need to enter the interest/dividends again in the corresponding area of the main program (where the US interest and dividends are). You won't have the same forms, of course (1099DIV or 1099INT) or an EIN but you will fill in the other information as best you can. This will record the income.
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Raph
Community Manager
in Events
Raph
Community Manager
in Events
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