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Get your taxes done using TurboTax
Why is interest income reported on a 1099-MISC? Normally interest is reported on a 1099-INT and dividends on a 1099-DIV? Which box of the 1099-MISC is the income in? Who paid the interest to you? What did you earn the interest on?
Depending on what box of the 1099-MISC the income is in, there is a way to enter it so that it is shown as "other income" on your tax return, not as business income, but there is no way to enter it as interest income.
March 27, 2024
12:30 PM