I received 480.6c form. Do I need to file it?

Yes, you will need to report this Puerto Rican Bank interest as income on your income tax returns.

You can include this PR interest under the 1099-INT section as if you received a 1099-INT. Just make sure that you include this amount in USD.

To enter foreign interest income in TurboTax Online (for TurboTax Online sign-in, click Here , then select "Take Me to My Return") or Desktop, please follow these steps:

1. Once you are in your tax return, click on the “Federal Taxes” tab ("Personal" tab in TurboTax Home & Business)
2. Next click on “Wages & Income” ("Personal Income" in TurboTax Home & Business)
3. Next click on “I’ll choose what I work on” (jump to full list)
4. Scroll down the screen until to come to the section “Interest and Dividends”
5. Choose “ Interest on 1099-INT” and select “start’
6. Select "I'll type it in myself"
7. Enter the name of the foreign bank, the amount (in USD) in box 

Go to 1099 INT section in your return;

1. You would report the paid interest in Box 1 
2. At the bottom of that box is a check box that says "My form has info in more than Box 1"
3. For withheld, you will enter that amount under Foreign Tax Paid..

i reced one i live in Ohio how can i filed so i can get the money they took for the sale of house in Puerto rico. I need the found can someone mail me the 480 for all forms i need to file my address iz 3000 Theresa st Cincinatti ohio 46204 thank you

Hello,

I was a fulltime employee for a company, and they gave me a 480.6C which showed my income as a nonresident and the taxes withheld. They also gave me a W2PR with the same data and Social Security and Medicare taxes withheld. How do I file both of these forms as a nonresident of Puerto Rico and a Resident of Georgia. Thank you.

Box 14 has an amount and no other amount on the form.  I received this from Morgan Stanley, non-IRA account.  Do I need to file it on my 1040 and if so, where?

Thank you.

The 680.6c form I received included "Amount Paid" and "Amount withheld" and the amount showed up on line 6(Dividend Subject to 15% under section 1062.08). What should I do with this?

Question: I already filed my taxes, however I received a 480.6c form from the bank on my parents selling there house in P.R., i received about 24K. The bank withheld 3K, which I was told I'll be able to receive back. What's my next step also it states anything under 100k you don't have to pay taxes in PR. It's was a inheritance.