IreneS
Intuit Alumni

Get your taxes done using TurboTax

You can enter the interest reported on a 1099-INT as Other Income for your business by following these steps:

  1. Click on the Business tab > Continue > I'll choose what to work on
  2. On the Let’s gather your business info screen, in the Business Income and Expenses section, click the Start/Update button.  [See Screenshot #1, attached.]
  3. If you have already started adding information about your business, you will see the Here's the business info we have so far screen.  Click on the Edit box next to the business.  [Screenshot #2]
  4. If you haven't already started adding business information, continue through the screens to enter the needed information.
  5. You will now be on the Your [business type] Business screen.  In the Business Income section, click on the Start/Update box.  [Screenshot #3]
  6. On the next screen, click on the State/Update box for Other Income.  [Screenshot #4]
  7. On the screen,Tell us about uncommon income for your [XX] work, enter the amount of interest.  [If you already have an entry in this box, just add the interest to it.]   [Screenshot #5]


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