Hi Jason, I am using TurboTax and need to file foreign interest income. I have foreign bank balance more than threshold, so I need to report foreign financial bank accounts in 1099-OID. Do I need to fill in interest income in this form? Or I let interest blank, and put interest income in 1099-INT? Thanks so much
Hi Jasón am your subscriber for a while. Really like your videos .I have a question. Am retired in Mexico. I just started investing last year. The amount of passive interés is under 300. But I received a statement showing real interest and tax wittheld form the broker in Mexico included the identification number of broker but it’s not a irs form 1099 so because of that different form to 1099. Can I omit filling form 1116 or because is not a form 1099. Should I fill form 1116 / Thanks a lot
Hi Jason, I am using TurboTax and need to file foreign interest income.
I have foreign bank balance more than threshold, so I need to report foreign financial bank accounts in 1099-OID. Do I need to fill in interest income in this form? Or I let interest blank, and put interest income in 1099-INT?
Thanks so much
Hi Jasón am your subscriber for a while. Really like your videos .I have a question. Am retired in Mexico. I just started investing last year. The amount of passive interés is under 300. But I received a statement showing real interest and tax wittheld form the broker in Mexico included the identification number of broker but it’s not a irs form 1099 so because of that different form to 1099. Can I omit filling form 1116 or because is not a form 1099. Should I fill form 1116 / Thanks a lot