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New Member
posted Apr 16, 2020 9:56:50 PM

Should I enter interest & dividends from foreign bank & share dealing accounts under "Interest and other investment income" or under "Income from foreign sources?"

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1 Replies
Level 15
Apr 17, 2020 6:50:11 AM

If you are claiming interest and dividends from foreign sources, you should enter these in the Foreign Slip section of TurboTax. From here you'll be able to enter an exchange rate and TurboTax will make the currency conversion for you.

 

You can access this slip in the Online version, or the Easystep view of the CD/Download version by:

  • Click on FIND in the upper right corner (little magnifying glass) > enter FOR > highlight Foreign Income > Go

Or you can access it from the sidebar of TurboTax by:

  • Go to Income > T-Slips > Foreign Income