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| Surok wrote: - quote - > how can they report interest income from bank accounts?
Put it on Schedule B, or if you aren't required to fileSchedule B, on the line for interest on whichever version of a 1040 you file. No special statement required. Phoebe ![]() << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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| x0pek2003[at]yahoo.com (Surok) writes: - quote - > What is the best way to report the interest income from such
You don't attach 1099's to returns if they don't show> account without 1099? I considered just writing up a > statement with a total amount of income, account number, > person's SSN etc and attaching it to tax return. Would this > trigger any problems? withheld tax. Just report the interest income on the appropriate line of your return. Phil Marti Topeka, KS << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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| In a situation where a non-resident alien becomes married to a US resident, and they decide to file a joint tax return (requesting that a non-resident be treated as resident) how can they report interest income from bank accounts? Non-resident had a bank account in US registered as such (not sure what form it is, W8 or some such) and no taxes were withheld on interest income in previous year. No 1099 was issued either and a bank won't issue one now. What is the best way to report the interest income from such account without 1099? I considered just writing up a statement with a total amount of income, account number, person's SSN etc and attaching it to tax return. Would this trigger any problems? << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
| Tags |
| income, interest, selfreporting |
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