You'll need to sign in or create an account to connect with an expert.
Go to Federal > Wages and Income > Interest, and treat it like a fake 1099-INT.
I also received this in the mail. I was wondering using turbo tax last year is there any way to verify this is even true. My numbers match what turbo tax said so I don't see where they gave me interest unless it was auto corrected on turbo tax.
To check this, go into your bank records and see when your tax refund posted. You can most likely do this online.
If your refund posted to your account after April 15th, then the IRS would’ve paid you interest on a late-processed return, and that’s why you’re getting the form.
And, if you’ll compare the posted amount to the amount of the refund you claimed on your return, your actual posted refund amount should be higher than what you claimed on your return.
See the IRS's Interest on Underpayments and Overpayments page for more information.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
tigriss1
New Member
Tom W2
New Member
Sanctuaryrh
New Member
dimi1927
Level 3
swong571-comcast
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.