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593acuna
New Member

Hello All, I got letter from the IRS stating I need to report "Total Interest Paid or Credited" as income but I am not sure how.

This is not a tax bill. It shows taxable interest paid to you during the calendar year by the Internal Revenue Service.
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3 Replies

Hello All, I got letter from the IRS stating I need to report "Total Interest Paid or Credited" as income but I am not sure how.

report using form 1099-int. it's interest the IRS paid you for its being tardy in issuing your refund.

 

 

pmconoley
New Member

Hello All, I got letter from the IRS stating I need to report "Total Interest Paid or Credited" as income but I am not sure how.

It is clear how to enter a new INTEREST item.

What is UNclear is how to claim the CREDIT.

MarilynG1
Expert Alumni

Hello All, I got letter from the IRS stating I need to report "Total Interest Paid or Credited" as income but I am not sure how.

Can you clarify what type of Interest Credit you are trying to claim?  Interest is normally reported as Income on a tax return.

 

If you're referring to Mortgage Interest, that is listed in the Deductions & Credits section.

 

@pmconoley 

 

 

 

 

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