MichaelG81
Expert Alumni

Get your taxes done using TurboTax

Form 1099-INT reports interest from banks, brokerages, and other financial institutions. Here's how to enter a 1099-INT:

  1. Sign in to your TurboTax account and open or continue your return
  2. Select Federal from the menu, then Wages & Income
  3. 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
    • 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
  5. On the next screen, select how you want to enter your Form 1099-INT:
    • Manually enter the info, select Enter a different way, and follow the instructions to enter your 1099-INT
  6. On the screen Do any of these uncommon situations apply? check the boxes according to your situation and Continue

On desktop:

Enter your banks information manually. The Interest no matter how little has to be reported on your tax return. However, banks are not required to report under a certain amount, but your obligation to report does not change.

 

@aefonner 

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