You should have already received this money either by check or as a direct deposit to your bank account. Of course, you would have had to give your bank information to the institution that issued the 1099-INT.
TurboTax will add this money reported on the 1099-INT as taxable income. This is not calculated as a credit against your income anywhere.
Even if you have never actually received this money and it is being held at the IRS. (Maybe they sent you a check and it was returned to them), you are still taxed on the amount.
Call the IRS regarding this 1099-INT. The following link will give you the phone numbers to call them:
https://www.irs.gov/help/telephone-assistance
