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Get your taxes done using TurboTax
It's just odd that you have a 1099-MISC form for interest income instead of a 1099-INT. You may also enter the 1099-MISC as if you had a 1099-INT form. Your Payer would be 1099-MISC from XXXX. Enter the amount in Form 1099-MISC Box 3 in Form 1099-INT Box 1. This way will report the interest income on Schedule B along with all your other interest amounts but it will also reference the 1099-MISC form. Bottom line: your tax is the same using either method.
The most important thing is the income is accounted for when the IRS cross checks your forms.
The most important thing is the income is accounted for when the IRS cross checks your forms.
‎June 4, 2019
9:14 PM