interest income

[AREls567]

I cannot add the amount of interest income to the bank that I received the interest income from. This program doesn't flow that easily. Yes, I am frustrated. So how can I put in the amount in Interest Income from a form 1099-INT. I just go round and round and round and round. HELP!

[DoninGA]

To report interest income received -

• Click on Federal Taxes (Personal using Home & Business)
• Click on Wages and Income (Personal Income using Home & Business)
• Click on I'll choose what I work on
• Under Interest and Dividends
• On Interest on 1099-INT, click on the start or update button
• Select I'll type it in myself

Or enter interest income in the Search box locate in the upper right of the program screen.  Click on the Magnifying Glass.  Click on Jump to interest income.  

If you cannot enter the name of the payer in the Received From box or the amount of interest received in Box 1, then try a different web browser.

[joerasm]

If I collect late fees in addition to interest income, do I include the late fee income also on the 1099-INT section or should late fee income be reported somewhere else?

[Critter]

If you are holding a mortgage then the late fees are considered interest so add the numbers together and make one entry.