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To report interest income received -
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.
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?
If you are holding a mortgage then the late fees are considered interest so add the numbers together and make one entry.
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