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SWJK
Returning Member

I received an IRS tax refund for 2021 in 2023 (CP24), plus interest (CP21B). Where do I report this in Turbo Tax Premier?

 
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6 Replies

I received an IRS tax refund for 2021 in 2023 (CP24), plus interest (CP21B). Where do I report this in Turbo Tax Premier?

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. On the Let Us Enter Your 1099 page go down to the bottom and pick Enter a different way


Federal
Wages & Income
Interest and Dividends
Interest on 1099INT - Click the Start or Update button

Put the interest amount in box 1

SWJK
Returning Member

I received an IRS tax refund for 2021 in 2023 (CP24), plus interest (CP21B). Where do I report this in Turbo Tax Premier?

Thanks, but most of the money  isn't interest, it's labeled as a refund.

I received an IRS tax refund for 2021 in 2023 (CP24), plus interest (CP21B). Where do I report this in Turbo Tax Premier?

You just report the interest, not the refund part.  

SWJK
Returning Member

I received an IRS tax refund for 2021 in 2023 (CP24), plus interest (CP21B). Where do I report this in Turbo Tax Premier?

Thanks, but most of the money isn't interest, it's labeled as a refund. So, it should be a Federal Refund or, perhaps, Other Income, but TT doesn't include a Federal Refund as an example of Other Income.

SWJK
Returning Member

I received an IRS tax refund for 2021 in 2023 (CP24), plus interest (CP21B). Where do I report this in Turbo Tax Premier?

Ah, that is very helpful. Thanks!

I received an IRS tax refund for 2021 in 2023 (CP24), plus interest (CP21B). Where do I report this in Turbo Tax Premier?

I'm not sure why you are stuck.  Do you know how much is the interest?  Just enter the interest part.  You do not enter a federal refund anywhere.  Interest goes under Interest like bank interest.  

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