Tax Forms | Tax Codes

Foreign Interest Income, Foreign Dividends

If you received foreign income or dividend payments, follow these steps below to report this income on your 1040, 1040-SR, or 1040-NR.

See instructions for foreign earned income exclusion and foreign bank and financial accounts.

Step

Description

1. Sign in to eFile.com

2. Add Your Income

The eFile App walks you through adding all your income. You will come across foreign earned income as well as interest or dividends as you work through each section.

3. Foreign Interest Entry

Create a 1099-INT and follow these steps. Select Federal Taxes -> Income on the left side menu, then scroll on the right-side page to Interest and Dividends. Here, you can select Yes when asked about the form you have.

4. Form 1116 Foreign Tax Credit

Once you add information that may qualify you to claim the Foreign Tax Credit, eFile will prompt you to add this form. You can also add it manually; select Federal Taxes -> Review on the left side green menu.
On the right-side menu, select the link I'd like to see the forms I've filled out or search for a form, enter "1116" in the search box, and select Add Form next to Foreign Tax Credit.

These forms will be added to your return which you can view at any point under My Account.

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