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New Member
posted Feb 27, 2022 5:29:12 PM

I got a letter from IRS stating taxable interest was paid to me by the IRS during the calendar 2021. Where do I report this income?

There was no 1099 prefix or suffix on the form the IRS sent stating the taxable interest income paid by the IRS. I need where on my form I need to enter the interest to my tax form?

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3 Replies
Level 15
Feb 27, 2022 5:30:26 PM

The IRS took so long last year to pay refunds they paid interest on it.

 

Enter interest from the IRS like a 1099Int and put the amount in box 1.  Enter it manually and just enter IRS for the payer.  Don't enter any other info like the address or a EIN.

 

Enter a 1099-Int  under

Federal on left

Wages & Income at top

Interest and Dividends

Interest on 1099INT - Click the Start or Revisit button

 

Don't enter a bank or broker name and don't try to import it.  At the bottom pick -  Change How I enter my Form

Then on the next screen pick I'll Type it in Myself

Level 15
Feb 27, 2022 5:32:45 PM

It is just like entering bank  interest ... payer is the  IRS and enter the amount.   Skip any "import" and choose the option to enter the interest yourself. 

 

 

Level 3
Mar 14, 2022 9:00:40 PM

I had the exact the same question.  Your answer is very helpful.  Thank you.