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 Form 1099g 2016

2016-2025 Form

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Instructions and help about Form 1099g

all right for this video we want to go through how to report non us Source interest income on your tax return so we've got a schedule B here to report interest and dividend income for the 2023 tax year and it is part of this taxpayers full 1040 so we'll go through the full 1040 we'll cover schedule B and we have the form 1116 for the foreign tax credit now in addition to this I've got a sample uh form 1099 int here provided by the broker and this is a summary of all the interest that was paid on the account but it also includes some foreign taxes that were withheld at source and so the The Brokerage statement also has uh some supplemental information here that tells us how much of the income is foreign source and what taxes were withheld and then lastly we've got the form instructions to the 1116 the foreign tax credit which will reference as well so if we start with the form 1099 int provided by the broker most of the time when you see a 1099 in

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