Interest income information transferred to Form 1116
The following foreign interest income information transfers from the
Interest income
statement on the B&D
or Broker
screen to the 1116
screen in the Credits
folder and Form 1116.Fields automatically completed on the 1116 screen | Where it transfers to on Form 1116 |
|---|---|
Description | Passive Income from B&D |
Category of Income | Passive Income |
Description of income for line 1a | Dividends & Interest |
Country code/name or Mutual fund or other regulated investment company (RIC) income | Field data |
Foreign gross income | Total taxable interest income |
Foreign long-term cap gain/loss | Capital Gain/Loss Worksheets |
Foreign qualified dividends | Total taxable dividend income |
Date paid or accrued | 1099 Tax |
In U.S. dollars - taxes withheld on Interest | Total foreign taxes paid |
