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uffeH
New Member

How do I enter interest income (1099-INT) without having it shown as taxable income? I live in Denmark and by tax treaty such income is only taxable in DK.

I remember beeing able to do so. Schedule B part I would then show an additional line called "Other Adjustments ... " with a negative dollar amount cancelling out the combined earned interest.
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1 Reply
MonikaK1
Expert Alumni

How do I enter interest income (1099-INT) without having it shown as taxable income? I live in Denmark and by tax treaty such income is only taxable in DK.

If you need to enter adjustments to interest income reported on Form 1099-INT, look for the follow-up screen "Do any of these uncommon situations apply?" and choose "I need to adjust the interest reported on my form". On the following screen, enter any subtraction as a negative number and select a reason for the adjustment from the drop-down menu.

 

Please see this IRS article on tax treaties and how they affect your US return depending on your status.

 

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