Is my income described below capital gains or interest income?
GetHuman2597214's Tax Issue with IRS from March 2019
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Before contacting them, items GetHuman2597214 may need:
Social Security Number, Prior Year AGI, Home Address, Name of Account Holder, and Phone Number
Top Tip from another customer
For any tax issues you may have then you will need to call in. You can call customer support at the IRS using 800-829-1040. Once you call press 1 for English then wait for the recording to end. Press 2 then 1 then 3 then 2. The recording will then ask for your social security number you can just press 0# it will ask again then press 0# and finally press 2 once it asks you a question. You will be told your wait time and a representative will pick up to help you.
The issue in GetHuman2597214's own words
In **** I invested **% in a $*.* M State Bank of India (SBI) CD in India.*My investment was $***K whereas the remaining $*.**M was a loan to the CD from SBI Dubai.*The investment in this five-year CD was not insured and I had no access to the funds for the five years.*At maturity the $*.** M plus accumulated interest on the loan had to be first paid to SBI Dubai.*The remaining funds were paid to me as my share of the investment.*I want to know whether I should report this income as capital gains or interest income.
GetHuman2597214 did not yet indicate what IRS should do to make this right.
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