I received 300$ bonus on opening new checking account..bank has not sent any 1099INT or 1099MISC till date.As i As i dont want to wait ,can i add the same in my return?

[iostream07]

s it ok if i can report  it as 1099INT rather than 1099MISC...as i have received nothing from bank does it matter which form it needs to be reported under?

[MinhT]

If you have not received a form 1099 from your bank, you can report this income as Other Reportable Income and describe it as Bonus from bank.

In TurboTax, open your return and follow these steps:

• Click on Federal Taxes, then on Wages and Income
• Under All Income, locate the Less Common Income section
• Click Show more and click Start next to Miscellaneous Income at the bottom
• On the next page, click Start next to Other Reportable Income (see attached screenshot).

[iostream07]

is it ok if i can report  it as 1099INT rather than 1099MISC...as i have received nothing from bank does it matter which form it needs to be reported under?

[MinhT]

It is not interest received so do not report it as 1099-INT. The best option is to report this income as Other Reportable Income.

[jarize]

I have already efiled my return and just realized that I also received a bonus for opening a new checking account last year but I didn't receive any tax form; for this reason I forgot to include this as income. Should I amend my return? Or please advise on what to do. Thanks.

[MinhT]

You'll need to amend your tax return to report this bonus. To amend: <a rel="nofollow" target="_blank" href="https://ttlc.intuit.com/replies/3288565">https://ttlc.intuit.com/replies/3288565</a>

[jarize]

Thanks much TuboTaxMinhT. Very helpful!

[garyferguson13]

Santander did not send me any Tax Forms for 2016... I now have a $60 Bonus 1099-INT... This is not Interest... shouldn't this should be a 1099-MISC?