☰
✕
Sign In

Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
Level 2
posted Jun 3, 2019 12:42:00 PM

Where do I report interest earned on Schedule C for one of our LLC's?

I have interest earned in one of our LLC's.  I received a 1099-int from a bank.  I would like to take this at income for the business not under our names.  I can not find anywhere to place this on Schedule C.

0 1 2608
1 Best answer
New Member
Jun 3, 2019 12:42:01 PM

You can report this in your Schedule C income. This is how:

  • Business
  • Business Income & Expenses...update
  • Edit your business
  • Business Income...update
  • Other Income

 This is the appropriate place to report business interest income if you received a Form 1099-INT.

1 Replies
New Member
Jun 3, 2019 12:42:01 PM

You can report this in your Schedule C income. This is how:

  • Business
  • Business Income & Expenses...update
  • Edit your business
  • Business Income...update
  • Other Income

 This is the appropriate place to report business interest income if you received a Form 1099-INT.