Hi, I had about $45 interest from a foreign bank account. How do I add this income if I did not receive any form , no 1099-INT...
Hi, I had about $45 interest from a foreign bank account. How do I add this income if I did not receive any form , no 1099-INT. Last year I was able to enter manually name of the bank and interest but this year I can't find that option. In 1040 it appeared in Schedule B Part I. How do I add the bank and interest manually?
01492
1 Best answer
DavidD66
Expert Alumni
Mar 9, 2021 4:47:25 PM
Interest earned from foreign bank is taxable, the same as interest reported on a Form 1099-INT. To report it, enter it just like you would if you had a Form 1099-INT, but leave the Federal Identification Number (FEIN) of the bank blank.
1 Replies
DavidD66
Expert Alumni
Mar 9, 2021 4:47:25 PM
Interest earned from foreign bank is taxable, the same as interest reported on a Form 1099-INT. To report it, enter it just like you would if you had a Form 1099-INT, but leave the Federal Identification Number (FEIN) of the bank blank.