How to show Indian FD interest in US tax return?

india-tax

(Anonymous) #1

I have a NRE FD. FD matures in OCT 2020. I chose option to payout interest at maturity.

Do I need to show interest earned this year while filing 2019 Tax Returns in USA (Please note I have actually not received any interest yet - correct??)?

Or I can show the FD income (Maturity Amount - Principal Amount) while filing tax in 2020?


(Anil Gupta) #2

As per my opinion, you can show the interest income in 2020 US tax return.