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antonyanartur
January 25, 2025
Question

How report dividends from foreign bank and deduct taxes paid in foreign country? TurboTax do not show added dividends ad deductions

  • January 25, 2025
  • 1 reply
  • 0 views
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    1 reply

    P
    pk12_2
    Employee
    January 25, 2025

    @antonyanartur , 

    (a) which country ?   Are you a citizen of that country ?

    (b) Are you a US person ( citizen/GreenCard/ Resident for Tax purposes ) ?

    (c) Are you sure this is dividend ?  Many  Credit Unions in the US will report the amounts a s dividend but are actually interest.  Banks usually give  interest, unless you are an investor owning the bank stock.

     Generally you would report  foreign interest  just like  domestic earned interest.

    To be able to claim the foreign taxes paid,  there is more .

    Please answer my questions. 

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