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M
mobsin
July 12, 2020
Question

Why 1099-INT for a foreign account interest stays in Review needed state unlike other entries?

  • July 12, 2020
  • 1 reply
  • 0 views
I am trying to report an interest from a foreign account as if I received a 1099-INT. Even after filling it still stays in Review needed status. Since it is a foreign bank, they do not have an FEIN. So I am leaving this field blank. Could that be the issue? The interest seems to be accounted in tax calculation. Should I be concerned?

1 reply

K
KristinaK
Employee
July 15, 2020

No, this will not be an issue. The IRS does not require the EIN of the payer. And you will still be able to e-file even with the error. 

 

Having an account abroad you might be subject to FBAR filing requirements, as well as Form 8938. Make sure that you read about it here. 

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