in [Event] Ask the Experts: Investments: Stocks, Crypto, & More
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The payer is "US Treasury".
Are you referring to an IRS letter? If you got back your taxes late, the irs is required to pay interest after a certain amount of time. This is probably what you are referring to. They sent out letters that stated the interest that was paid to you and to claim it as income on your tax return.
so where do we enter that letter in the system on turbo tax? because I made a mistake and filed it on my wages and income, and I got through to the IRS and spoke with a representative and he said that's not where it goes that's why they have a hold on my account.
You should have received a 1099-INT from the IRS.
This Turbo Tax FAQ will provide steps to enter a 1099-INT.
https://ttlc.intuit.com/community/entering-importing/help/where-do-i-enter-form-1099-int/00/25757
@ssrobinson1994
Enter interest from the IRS like a 1099Int and put the amount in box 1.
Enter a 1099-Int under
Federal
Wages & Income
Interest and Dividends
Interest on 1099INT - Click the Start or Update button
Put the interest amount in box 1
Don't enter a bank or broker name and don't try to import it. At the bottom pick - Change How I enter my Form
Then on the next screen pick I'll Type it in Myself
I don’t remember getting a separate ck. .?. Is my memory shot
For information on this, you will need to reach directly out to the IRS.
IRS: 800-829-1040
Hours: 7:00 AM - 7:00 PM, local time
Monday-Friday
Or, you can visit your local IRS Office.
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