Hi,

I've Fixed deposits in Citibank India. Citibank issued me 1099 OID form with the total interest in all deposits and the OID amount (about 1600$). They deduct 30% India tax when those deposits mature but they didn't mention that anywhere. I think the 1099-OID form changed in 2014, previously it used to have a box for foreign tax paid but not anymore.

How do I report this 1099 OID in my 2014 tax return? Where do I claim the 30% foreign taxes paid on the OID amount?

Thanks
Sam

The interest income is reported on Schedule B.

The Indian taxes paid TDS is claimed on Form 1116.