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posted Feb 6, 2025 12:23:30 PM

Reporting Foreign Interest Earned in TurboTax

Hi there - I need to report interest earned in a foreign bank account, and as it is a foreign account I do not receive a Form 1099-INT and as a foreign bank, does not have a Federal Identification Number (FEIN). TurboTax will not let me finalize my return without inputing a FEIN, and does not accept entry of all zeros.  How should this income be reported? 

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1 Replies
Expert Alumni
Feb 6, 2025 12:32:12 PM

If you are having this issue, do the following.

 

  1. Log into your account
  2. Select Wages and income
  3. Less Common income
  4. Miscellaneous Income, 1099-A, 1099>start
  5. Scroll to the bottom of the page to Other Reportable Income
  6. Other taxable income, answer yes
  7. Then give a brief description of the income and the amount listed..
  8.  Describer this as foreign interest and then the amount of the interest payment.