Report interest received from a foreign bank as if you were entering an IRS form 1099-INT. Convert the foreign currency to US dollars. 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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How to report income from a foreign bank when living abroad

Forum|Forum|1 year ago
April 2, 2025
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JamesG1

Report interest received from a foreign bank as if you were entering an IRS form 1099-INT. Convert the foreign currency to US dollars.

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.