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sid_verma
Feb 19, 2011, 03:02 PM
I have a NRE account whose interest amount is taxable. However, I'm not sure which form I need to fill to indicate the above.
Should I complete 1040 schedule B? I did not receive 1099-INT. Do I need to indicate somewhere that 1099-INT was not received?

MukatA
Feb 19, 2011, 10:28 PM
Yes, bank interest is reported on schedule B. You do not indicate or report that you did not get 1099-int. On sch. B, put bank name (India) and the amount.

sid_verma
Feb 20, 2011, 05:37 AM
Thank you! :)