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I received a letter from IRS that states a taxable interest paid was and overpayment for more than one year.

 
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4 Replies
ThomasM125
Expert Alumni

I received a letter from IRS that states a taxable interest paid was and overpayment for more than one year.

You need to enter the interest paid to you in TurboTax by using the following menu tabs:

 

  1. Federal
  2. Income and Expenses
  3. Interest and Dividends
  4. 1099-INT

Work through that section to report your interest income.

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I received a letter from IRS that states a taxable interest paid was and overpayment for more than one year.

Yes thank you

pmconoley
New Member

I received a letter from IRS that states a taxable interest paid was and overpayment for more than one year.

I is clear how to enter a new INTEREST item.

But how do I CLAIM THE CREDIT?

MarilynG1
Expert Alumni

I received a letter from IRS that states a taxable interest paid was and overpayment for more than one year.

If you received a letter from the IRS that states that they are paying you interest, you'll receive a 1099-INT form from them and enter that in your tax return.

 

Read the letter; they may say that they added the interest to your Refund.

 

If you can provide more details, we'll try to help.

 

@pmconoley 

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