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New Member
posted Jan 26, 2023 6:58:41 AM

I received a letter from the IRS. Stating the total Intrest Paid or Credit that I have from Form 1099-INT. Where do I report this in my taxes.

The letter states my social security number, Payers Federal Identification number, and the total interest paid or credited for 2022. How do I report this on turbo tax

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1 Best answer
Expert Alumni
Jan 26, 2023 7:22:42 AM

To enter your IRS interest form:

  1. Type 1099-int in the search box and click search.
  2. Click on Jump to 1099-int.
  3. On the landing screen, click on I'll type it in myself.
  4. Enter your IRS interest form and continue.
  5. Enter the Institution ( Internal Revenue Service ) Name.
  6. Enter your interest in Box 1 and any other information.

The IRS sends notices showing the amount of interest paid by them for the tax year ended just as banks and other institutions do.

 

For more information on interest income, see this article.

 

 

 

1 Replies
Expert Alumni
Jan 26, 2023 7:22:42 AM

To enter your IRS interest form:

  1. Type 1099-int in the search box and click search.
  2. Click on Jump to 1099-int.
  3. On the landing screen, click on I'll type it in myself.
  4. Enter your IRS interest form and continue.
  5. Enter the Institution ( Internal Revenue Service ) Name.
  6. Enter your interest in Box 1 and any other information.

The IRS sends notices showing the amount of interest paid by them for the tax year ended just as banks and other institutions do.

 

For more information on interest income, see this article.