Interest Received from a Company outside USA where no 1099-INT will be received
I received interest I made to a company in england and will not be receiving a 1099-int so what do I need to do (if anything) and how do I report this interest?
02517
1 Best answer
rjs
Level 15
Dec 18, 2022 10:55:22 AM
Enter the interest in TurboTax as if you did get a 1099-INT. All you have to enter is the payer's name and the amount of interest. You have to enter the amount in U.S. dollars.
2 Replies
Mike9241
Level 15
Dec 18, 2022 9:40:19 AM
use the1099-int form or section when you go through the interview (step-by-step) process. in the uS all income regardless of source is taxable,
rjs
Level 15
Dec 18, 2022 10:55:22 AM
Enter the interest in TurboTax as if you did get a 1099-INT. All you have to enter is the payer's name and the amount of interest. You have to enter the amount in U.S. dollars.