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where on the Turbo tax standard can you report a 1099-int from the IRS for Total Interest Paid or Credited? I can't find anywhere it will allow me to enter this info.

 
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2 Replies
LindaS5247
Employee Tax Expert

where on the Turbo tax standard can you report a 1099-int from the IRS for Total Interest Paid or Credited? I can't find anywhere it will allow me to enter this info.

You will enter your Form 1099-INT into TurboTax in the "Wages and Income" section under "Interest and Dividends" . It will be the same as entering a 1099-INT issued by a private payer.

 

This interest is taxable on both your state and federal tax returns.

 

You can enter your Form 1099-INT information using the steps below.

 

For TurboTax Desktop:

  1. Open/continue your return
  2. Click on "Search
  3. And in the search bar type"1099-INT"
  4. Select "Jump to 1099-INT"
  5. It will ask, "Did you have investment income in 2024?" Select "Yes"
  6. Select "Continue"
  7. Select "Skip Import" in TurboTax Desktop
  8. You will Select your investment type which is "Interest", the box will turn green when you click on it
  9. You will "Continue"
  10. Then you will see the screen "Let's get the info from your 1099-INT"
  11. You will type in the information from your Form 1099-INT on that page.

For TurboTax Online:

  1. Open/continue your return
  2. Click on magnifying glass for Search in the top right of your screen
  3. And in the search bar type"1099-INT"
  4. Select "Jump to 1099-INT"
  5. Click on "Add Investments"
  6. On the next screen click on "Enter a Different Way"
  7. You will Select your investment type which is "Interest", the box will turn green when you click on it
  8. Click on "Continue"
  9. Choose "Type it myself"
  10. Then you will see the screen "Let's get the info from your 1099-INT"
  11. You will type in the information from your Form 1099-INT on that page.

 

Your screens will look something like this:

 

Type "1099-INT" in the search bar.

 

 

Click on the box that says interest, it will turn green.

 

 

Enter your information from Form 1099-INT

 

 

 

Click here for information on entering a Form 1099-INT.

 

Click here for Turbo Tax information regarding Forms 1099-INT.

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where on the Turbo tax standard can you report a 1099-int from the IRS for Total Interest Paid or Credited? I can't find anywhere it will allow me to enter this info.

Enter interest from the IRS like a 1099Int and put the amount in box 1.  Enter it manually and just enter IRS for the payer.  Don't enter any other info like the address or a EIN.

 

Enter a 1099-Int  under

Federal on left

Wages & Income

Interest and Dividends

Interest on 1099INT - Click the Start or Revisit button

 

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

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