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    sid_verma's Avatar
    sid_verma Posts: 4, Reputation: 1
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    #1

    Feb 19, 2011, 03:02 PM
    How to indicate taxable interest amount in tax forms
    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's Avatar
    MukatA Posts: 7,110, Reputation: 176
    Tax Expert
    		  
    #2

    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's Avatar
    sid_verma Posts: 4, Reputation: 1
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    #3

    Feb 20, 2011, 05:37 AM
    Comment on MukatA's post
    Thank you! :)
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