That seems to work as an alternate approach. You could also report it as other income and then identify it as interest income. This would be perfectly acceptable also.
- Log into your account
- Select Wages and income>other income
- Miscellaneous Income, 1099-A, 1099>start
- Scroll to the bottom of the page to Other Reportable Income
- Other taxable income, answer yes
- Then give a brief description of the income and the amount. Here you would say interest income and then list the amount.
@RC2005
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