If the form you received is a Form 1099-INT, that indicates that the issuer of the form paid you interest instead of you paying the interest to an entity.
If the form came from the IRS, it would indicate that they paid you interest income, possibly from a delayed refund. You will report that interest as income reported on Form 1099-INT box 1, with the payer shown as the IRS. Use the following steps to get started:
- On the top row of the TurboTax online screen, click on Search (or for CD/downloaded TurboTax locate the search box in the upper right corner)
- This opens a box where you can type in “interest income” and click the magnifying glass (or for CD/downloaded TurboTax, click Find)
- The search results will give you an option to “Jump to interest income”
- Click on the blue “Jump to interest income” link and enter your information
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