Reporting UK bank interest to IRS

I assume the IRS wants a piece of this as well.  On what form does one include interest earned on a UK bank account.

Paul

For a US citizen individual:

1040
Schedule B
Form 1116
Form 1116AMT
Form 6251
Form TDF90-22.1

PLUS
UK self-assessment tax return

Guya,

Thanks.  I know all these forms.  I've been doing US taxes for 20 years.  Which one in particular does the UK interest go on.  The obvious one is schedule B.  But I assume that is for US banks only.

Paul

Thanks.  I know all these forms.  I've been doing US taxes for 20 years.  Which one in particular does the UK interest go on.  The obvious one is schedule B.  But I assume that is for US banks only.

Actually isn't it considered passive foreign income reported on one of your 1116s?

Which one in particular does the UK interest go on.  The obvious one is schedule B.  But I assume that is for US banks only.

Report UK and other non-US interest earned on Sch B.  Report a list of all UK and other non-US bank and securities accounts on Form TD F 90-22.1.  Report tax paid on that interest on Form 1116.  On Form 1116, if you're a higher rate taxpayer, it's General Limitation.  If you're not, it's Passive.  Yes, some banks will end up listed on both Sch B and TD F 90-22.1.