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  1. M

    2018 Expat Retiree Tax Analysis

    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...
  2. M

    Cheese making supplies

    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...
  3. M

    Tax time for the United states

    Sorry,20%Indonesia bank tax.
  4. M

    Tax time for the United states

    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.
  5. M

    Tax time for the United states

    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)...

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