You should treat any interest AS IF you have received a 1099-INT for it and enter interest income in box 1. Foreign taxes paid on the interest income, enter them in box 6 of 1099-INT form.
I have always reported interest from a bank account BEFORE Indonesia tax. And use form 1116 for credit...
We have been making mozzarella and gouda cheese for about 8 years. Buying rennet from a guy in Bandung. But we stopped making last year because of the price of fresh milk. We find we can buy mozzarella off the internet cheaper than our cost to make (gouda still cheaper to make).
Feta - no...
Do you have a bank account here? If so that interest should be reported (before 25% Indonesia tax) on your 1040sa. Then use form 1116 to get a tax credit for the 25% interest
your bank withheld for Indonesia tax.
Earned Foreign Income or NOT has noeffect on your itemized Medical deductions per 1040 schedule A (seeschedule A instructions for amounts allowed). The amount you canreduce your tax is based on your Adjusted Gross Income (AGI)
Earned Foreign income lowers yourAdjusted Gross Income (AGI)...
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.