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    sonlalwani's Avatar
    sonlalwani Posts: 2, Reputation: 1
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    #1

    Mar 18, 2012, 09:55 PM
    Foreign Interest income
    I have an Foreign saving account and I have about 8 ( eight ) $ of interest income in whole year


    I understand that I have to mark yes if I have an foreign account on schedule B
    But
    ? Do I have to report this 8$ foreign income on 1040
    If yes then where on 1040
    Do I have to submit some kind of proof that I got 8 $ of foreign interest ( foreign bank does not give 1099 Int
    MukatA's Avatar
    MukatA Posts: 7,110, Reputation: 176
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    #2

    Mar 19, 2012, 10:06 AM
    You must report foreign interest income on schedule B. You do not need to submit any proof.
    ebaines's Avatar
    ebaines Posts: 12,131, Reputation: 1307
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    #3

    Mar 19, 2012, 10:10 AM
    You report interest on Schedule B, which carries onto Form 1040 line 8a.

    By the way, If you have paid any foreign taxes on this income you can take a credit for the taxes paid by filing Form 1116.
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