You can enter the foreign interest as if you had a US 1099INT form.
- When you are in your return in TurboTax, enter 1099int in the search box at the top of the page.
- On the page where you enter your interest income, check the box under the income that your form has info in more than one box.
- Enter your foreign tax paid in Box 6.
If you are subject to foreign tax on the income you earned working in a foreign country, the IRS allows you to claim either the foreign
earned income exclusion and/or the foreign tax credit.
If you are liable
for tax in the foreign country you can claim a
foreign tax credit on your US tax return to help offset any double taxation.
If you are in a country where you do not pay your 2018 tax until 2019, you can
take a foreign tax credit on the accrued basis. If not, choose the paid
basis and declare the foreign tax you actually paid in calendar year
2018.
You may also be able to claim the foreign earned
income exclusion.
You need to meet one of 2 tests for the foreign earned
income exclusion. Either the physical presence test or the bona-fide
resident test.
Please see IRS
publication 54, link attached for information on both the physical presence
test and the bona-fide resident test.. Tax Guide for US Citizens Abroad
2018
