- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
Hi @Kiki! Thanks for your question.
If this was interest you received/earned for the rollover, you would report this in the 1099-INT section. Here's how to navigate: Where do I enter Form 1099-INT?
If this was investment interest you paid, you may use the following steps:
- Click the Federal Taxes tab
- Click Deductions & Credits
- Scroll down to the Retirement and Investments section
- Click the blue Show More in this section
- Click Start (or Revisit) next to Investment Interest Expense
Keep in mind this deduction is considered an itemized deduction on your return. If you are taking the standard deduction, you will not see an impact on your federal return, but depending on the state, you may or may not see the impact.
I hope this helps!
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
‎September 27, 2023
12:12 PM
642 Views