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Get your taxes done using TurboTax
It's reported on line 2a of Form 1040.
To enter tax exempt interest -- whether it's on a Form 1099-INT or not -- in TurboTax Online:
- If you don’t see 2022 TAXES in the left pane, select the dropdown to the right of Income & Expenses on the Hi, let’s keep working on your taxes! page and then select Let’s get started, Pick up where you left off, or Review/Edit.
- Otherwise, in the left pane, select Federal, then Wages & Income. (This is labelled Income & Expenses in TurboTax Self-Employed)
- Scroll down and select the Show more dropdown to the right of Investments & Savings
- Select Start or Revisit to the right of Interest on 1099-INT
- Select Yes on the Did you receive any investment income? screen, then select Continue
- If you see either the Your investments & savings or Here's your 1099-INT info screen, select Add investments or Add another 1099-INT as appropriate, then select Continue
- On the Let's get the info from your 1099-INT screen, select the box to the left of My form has info in other boxes (this is uncommon)
- Enter your tax-exempt interest in Box 8. Select Continue
- Enter any appropriate information on the following screens
April 8, 2023
1:37 PM