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if you have foreign bank account interest, do you create a dummy 1099-INT? and if so, what do you put into the EIN so turbotax stops complaining its empty?

 
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Karis_F
Employee Tax Expert

if you have foreign bank account interest, do you create a dummy 1099-INT? and if so, what do you put into the EIN so turbotax stops complaining its empty?

Yes. You will enter the foreign interest in TurboTax like a 1099-INT and it will show up on Schedule B, Interest and Ordinary Dividends.

 

You can enter interest income in TurboTax without entering an EIN. 

 

Go to Wages & Income>Investments and Savings and Add Investments then Enter a different way

 

Select Interest, Type it in myself, and enter payer's name and interest amount.

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1 Reply
Karis_F
Employee Tax Expert

if you have foreign bank account interest, do you create a dummy 1099-INT? and if so, what do you put into the EIN so turbotax stops complaining its empty?

Yes. You will enter the foreign interest in TurboTax like a 1099-INT and it will show up on Schedule B, Interest and Ordinary Dividends.

 

You can enter interest income in TurboTax without entering an EIN. 

 

Go to Wages & Income>Investments and Savings and Add Investments then Enter a different way

 

Select Interest, Type it in myself, and enter payer's name and interest amount.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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