FEIN for India NRE account interest

[paulsun82]

I am trying to enter the interest earned on the 1099-INT form manually. This is from my India NRE account. It seems like the FEIN is made mandatory this year and Indian banks don't have this id. Can anyone suggest a solution?

[pk]

@paulsun82 , I just tried the scenario --  interest income from a foreign bank ( no 1099-INT ) , there was no requirement for FEIN.  My test case was using windows download  TurboTax Home & Business.  It worked exactly as expected.  For what it is worth the information collection about FBAR and FATCA was done at th e same time and was very nice.

Is there more I can do for you ?

[paulsun82]

Thanks @pk for the reply.  I am using TurboTax Premier downloaded in my windows machine.  FEIN was not required last year and hence I did not face any issues last year with the same software. I have attached the screenshot of the error. Please let me know if you have any suggestions. 

[pk]

@paulsun82 , after seeing your reply , I went back and added  more income  ( schedule-C ) to finish the  return and finally ran through federal check -- no issue.  

So for some reason am  not being able to duplicate your case.

Tell me more about all your entries , especially the actual process you went through in  entering the interest income.  There has to some difference.  Please help me solve this issue.

My software is with the latest updates .

Look forward for your help.

[paulsun82]

Thanks @pk for the reply.    I selected the interest on 1099-INT and clicked on Add investments and then clicked on skip import. Next page I selected 1099-INT  and on the next page I entered the bank name and interest.  I did not enter the FEIN number here. When I click continue and go to the next page it shows a message that this entry requires review and it shows FEIN is missing. I am using the Turbo tax premier, should I upgrade to the version which you are using? Is there a way I can connect to the Turbotax support to get any help on this ?  

[pk]

@paulsun82  

I am at a loss to understand  why TurboTax is mis-behaving.  Especially I cannot duplicate this on my  copy of H&B.

May I suggest :

(a) Update  your copy to the latest  -- see if that solves the issue  If that no work  then --

(b) use a dummy   EIN -- such  12-34567  or  00-1234567  --- see if this passes the test.  These are obvious dummy EINs.

I wonder  if all it is trying to do is warn you of a missing entry but not necessarily a fatal error -- i.e. it will warn to check but will still allow an e-file with nil EIN.   

Another thought would be to look to see if you can enter an interest income  "without 1099-INT " i.e. for people that receive interest income from another person -- no EIN.

Please would you consider  keeping me abreast of  how it works out -- I am most interested.   You have been very patient with this fault.

 My very humble apologies in the name of the product.

pk