If you received interest on a personal loan you can enter the interest received in the Form 1099-INT section of the program. Enter the name of the payer in the Received from: box and the amount of interest received in Box 1 of the 1099-INT.
To report interest income received -
- Click on Federal Taxes (Personal using Home & Business)
- Click on Wages and Income (Personal Income using Home & Business)
- Click on I'll choose what I work on
- Under Interest and Dividends
- On Interest on 1099-INT, click on the start or update button
Or enter interest income in the Search box locate in the upper right of the program screen. Click on Jump to interest income
