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tam4mk
New Member

We amended our 2014 for business income and received a refund from the IRS that included interest. Where do we report the IRS interest in turbo tax?

 
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1 Reply
rjs
Level 15
Level 15

We amended our 2014 for business income and received a refund from the IRS that included interest. Where do we report the IRS interest in turbo tax?

You should get a Form 1099-INT from the IRS for the interest. When did you receive the refund? You report the interest on your tax return for the year that you received it.

If you don't get a 1099-INT, enter the interest as if you did get a 1099-INT. Enter Internal Revenue Service as the payer, and enter the amount of interest in box 1.

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