I have a tax statement from Bank of America but no 1099-INT form to be found. I also closed both my BoA checking and savings over a month ago. Suggestions?

Forum|Forum|7 years ago
June 4, 2019
2 replies
4 views

I'm trying to see if there is any taxable interest, etc. but if I only have a statement then I can't find any of that information out. Help!

TurboTax Deluxe Online

Anonymous

The 1099-INT would be one of the sections in the consolidated statement if you had interest.

Banks sometimes won't issue 1099-INT forms if the amount is less than $10. You don't need it, but should still report a number. Try contacting your bank to get the interest amount; if not, you should report an estimate ($10 or whatever).

My guess is that you either had zero interest or a very small amount. Worst case scenario is the IRS adjusts your refund by a buck or two.

hlannanAuthor

Level 2

My statement from them was for bonds I had deposited. Over 1k worth. That's why not having a form like the 1099-INT was problematic. Therefore, I am afraid that I may have overpaid taxes this year due to that.

DaveF1006

Level 15

If you do not have a 1099 INT, you can still report your bank interest in Turbo Tax. You would go to:

1) Sign into your account and select Take me to my return

2. From the top, select tab Federal Taxes / Wages and Income

3. Select all income> Interest and Dividends>show more>interest on 1099-INT

4. Select Start>Did you receive any interest income>yes

5. Next screen says Let's get your tax info indicate you want to type it in yourself

6) Let's get the info from your 1099-INT here you would put in name of the institution and amount received as if they have issued the 1099 INT. This is a perfectly acceptable alternative if you never received the form.

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