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January 21, 2021
Question

I need to report foreign interest income, the foreign bank doesn't have federal identification number, what should I do? if I leave it blank the system says "need review"

  • January 21, 2021
  • 1 reply
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1 reply

January 21, 2021

The way to report the foreign bank interest income without a Federal Identification Number is:

 

  •  Click on Federal on the left hand side of the screen
  •  Click on Wages and Income
  •  Scroll down and click on All Income if needed
  •  Scroll down to Less Common Income
  •  Scroll down to Miscellaneous Income, Click Start
  •  Scroll down to Other Reportable Income
  •  Click Start
  •  Enter description and amount

By following these steps, the income will be recorded without generating an error message. 

 

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