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March 21, 2025
Question

How do I report foreign earned interest income in Turbotax?

  • March 21, 2025
  • 1 reply
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I received interest income from a foreign bank, and I don't have a 1099-INT. How do I report that income?

    1 reply

    March 21, 2025

    To be more precise, I am wondering where to enter this foreign-earned interest income in Turbotax.

    March 25, 2025

    Report interest received from a foreign bank as if you were entering and IRS form 1099-INT.

     

    EIN is not a required entry when entering the form.  In TurboTax Online, you will enter your 1099-INT as follows:

     

    • Down the left side of the screen, click on Federal.
    • Down the left side of the screen, click on Wages & Income.
    • Click to the right of Investments and Savings.
    • Click to the right of Interest on 1099-INT.
    • Click Add investments.
    • At the screen Let's import your tax info, select Enter a different way.
    • At the screen OK, let's start with one investment type, select Interest.  Click Continue.
    • Click Type it in myself.
    • Enter interest information.

    Click My form has info in other boxes to enter Foreign tax paid in Box 6.

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    April 12, 2025

    I am using Turbo Tax 2024 desktop version, and I was able to follow your instructions to submit foreign interest and dividend by manually entering the details. But the smart check throws an error. I am relatively new to foreign reporting, and it seems I might not be doing it correctly as per below link.

     

    Solved: Re: I have a 1099-DIV from a foreign entity with a FEIN listed as 00-0000000. Turbo tax keeps tel... - Page 3

    cc. @JamesG1 , @mglauner