If you don't have a 1099-INT just choose the option 'I'll enter it myself'
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
When you file your taxes, you don’t need to attach copies of the 1099-INT forms you receive, but you do need to report the information from the forms on your tax return. That’s because each bank, financial institution or other entity that pays you at least $10 of interest during the year must:
- prepare a 1099-INT,
- send you a copy by January 31, and
- file a copy with the IRS.
The IRS uses the information on the 1099-INT to ensure you report the correct amount of interest income on your tax return.
