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Level 1
June 1, 2019
Solved

Taxable interest from amended return?

  • June 1, 2019
  • 3 replies
  • 40 views
I filed an amended return last year, and got a statement in the mail from the IRS that I had received $12.50 in interest from the government (since they had my return longer than they normally would.) The letter says this is taxable income and I need to file it, but I don't know where.
Best answer by DavidD66

You would report the $12.50 of interest income in the Income Section, Interest and Dividends, Interest on 1099-INT.  The interest amount goes in Box 1.

3 replies

DavidD66Answer
Level 15
June 1, 2019

You would report the $12.50 of interest income in the Income Section, Interest and Dividends, Interest on 1099-INT.  The interest amount goes in Box 1.

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Level 2
June 1, 2019
Is there a way to correct this if taxes has already been done?