turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

1099-INT has combined personal interest and interest for trust fund

I have a trust fund at my credit union that I'm a trustee. The 1099-INT has interest from my personal account and from the trust account. It does show the line interest separately. Should I have received separate 1099-INT statements for each; one for my SSN and one for the trust EIN?

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies

1099-INT has combined personal interest and interest for trust fund

Yes the Trust should be set  up at the Credit Union as a separate account and not listed in your personal accounts.  Didn't you set up a new account for it originally?  Better check with the CU.  

1099-INT has combined personal interest and interest for trust fund

Yes it's a separate account and the 1099-INT shows line items on the bottom separate from the boxes. I'll ask the CU what's going on.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies