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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 Reply
DaveF1006
Employee Tax Expert

Reporting Foreign Interest Earned in TurboTax

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.
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