MayaD
Expert Alumni

Get your taxes done using TurboTax

Yes, you need to report it as interest Income as if you received a 1099INT.

To report the interest:

  • Log in to your account.
  • Select Federal from the left menu.
  • Go to Wages and Income then Income and Expenses.
  • Scroll down to Interest and Dividends
  • Select Start next to Interest on 1099-INT
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