3565212
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Where to put the foreign interest income on FORM 1040 LINE 2B & on SCHEDULE B LINE 1?

Hi, am I supposed to put the foreign interest income on FORM 1040 LINE 2B & on SCHEDULE B LINE 1? I think this is the case, but I can't be 100% sure. I am sorry to have asked many questions already today - I need to file my tax return ASAP ... Thank you in advance !!!

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies
JamesG1
Expert Alumni

Where to put the foreign interest income on FORM 1040 LINE 2B & on SCHEDULE B LINE 1?

Report foreign interest as if you had an IRS form 1099-INT for it.

 

IRS Schedule B will not print unless it reports interest income of $1,500 or more.

 

In TurboTax Online, follow these steps:

 

  1. Down the left side of the screen, click Federal.
  2. Down the left side of the screen, click Wages & Income.
  3. Click the down arrow to the right of Investments and Savings.
  4. Click to the right of Interest on 1099-INT.
  5. At the screen Let's finish pulling in your investment income, click Add investments.

See also this help.

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

Where to put the foreign interest income on FORM 1040 LINE 2B & on SCHEDULE B LINE 1?

Thank you so much for your detailed explanations!!!

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question