Where did this interest come from?
This is an important question; it may affect the posting of the information.
"When the program asks for the Federal Identification Number (FEIN), leave it blank. " But then this income item was labeled "needs review".
- I do not get that screen.
- Enter 99-999999
I think I'm in the correct place but let me know if I'm not:
If your in TurboTax Online.
- Federal taxes
- Wages & income
- Investments and Savings (1099-B, 1099-INT, 1099-DIV, 1099-K, Crypto) [Add/Edit]
- Your current postings will appear
- [+ Add investment] or click an existing posting
Then there are blanks for FEIN, Received from, Box 1, and Box 3. I have seen several members reporting the same issue of having to enter FEIN when doing it manually.
- For FEIN (not on my screen) enter 99-999999
- Box 1 - amount of total interest
- Box 3 - Probably -0-
I don't have a 1099-INT but I still need to report interest. Please advise what to do with TurboTax.
- The IRS will accept the information even if you do not have a 1099-INT
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