Where to enter foreign interest in Turbo Tax
Apr 11th 2011, 4:35 am
#1
Forum Regular
Thread Starter
Joined: Mar 2008
Posts: 34
Where to enter foreign interest in Turbo Tax
Hi,
I have ~300gbp of interest from an ISA account to declare.
I'm using Turbo Tax but can't find the place to enter this. In the Interest and Dividends sections I see a sections for "1099-OID, foreign accounts". But it never asks me to input info on my UK interest.
Any thoughts?
Thanks
KK
I have ~300gbp of interest from an ISA account to declare.
I'm using Turbo Tax but can't find the place to enter this. In the Interest and Dividends sections I see a sections for "1099-OID, foreign accounts". But it never asks me to input info on my UK interest.
Any thoughts?
Thanks
KK
Apr 11th 2011, 3:09 pm
#2
Joined: Aug 2004
Location: Eugene, OR
Posts: 1,352
Re: Where to enter foreign interest in Turbo Tax
Perhaps it is simply categorized as foreign earned income?
Apr 12th 2011, 6:28 am
#3
Forum Regular
Thread Starter
Joined: Mar 2008
Posts: 34
Re: Where to enter foreign interest in Turbo Tax
From what I understand foreign earned income is for stuff like wages.
In the end I just entered the interest manually as a 1099.
KK
In the end I just entered the interest manually as a 1099.
KK
Apr 13th 2011, 5:21 am
#4
BE Forum Addict
Joined: Aug 2004
Posts: 4,754
Re: Where to enter foreign interest in Turbo Tax
tax. Creating a 1099-INT with your UK bank information and the interest converted to dollars is probably the way to get Turbotax to fill in the right information.
