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January 25, 2025
Question

Should I report net or gross dividends and interest when I report amounts related to foreign financial assets?

  • January 25, 2025
  • 1 reply
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    January 26, 2025

    The IRS requires U.S. citizens and resident aliens to report their worldwide income, including income from foreign sources. This includes the full (gross) amount of foreign dividends and interest, without subtracting any foreign taxes paid. See IRS information.