Get your taxes done using TurboTax

Yes, you need to enter the interest income on your income tax return.

• When you receive interest income of less than $10, the CA Franchise Tax Board is not required to give you a 1099-INT form. 
• However, all income needs to be reported to the IRS. Enter the interest "as if" you received form 1099-INT.

To enter your interest from the CA Franchise Tax Board:

1. Sign in to your TurboTax account and open or continue your return
2. Select Federal from the menu, then Wages & Income (this is called Income & Expenses in TurboTax Self-Employed)
3. Continue and locate the section titled Investments & Savings and select Show More, then select Start or Revisit next to Interest on 1099-INT
4. Select Yes on the screen Did you receive any investment income? then Continue
5. If you see the screen Your investments & savings or Here's your 1099-INT info, select Add investments or Add another 1099-INT, then Continue
6. As you're going through the interview, on the Let's import your tax info screen, select Change how I enter my form.
7. On the How do you want to add your 1099-INT? screen, select Type it in myself.
8. On the Let's get the info from your 1099-INT screen, enter the information. Note: there's no where on the screen where it asks for the FEIN.