ToddL99
Expert Alumni

Get your taxes done using TurboTax

If you did not receive a 1099-INT (or the Payer's EIN wasn't listed), you can report the interest income as "Other Reportable Income". 

 

The tax calculation will be the same, you  will be able to e-file and it won't create an error with the IRS.

 

 

You can make entries on Line 8, using the Other Reportable Income interview. 

  • Type "other reportable income" in the search window (or in the Search Topic window for desktop versions) 

  • Click on "jump to other reportable income  (or "other reportable income" in the Search Topic results) 

  • Answer "No" to "Did you receive any other wages?" 

  • Select "Other reportable income" from the Miscellaneous income list 

  • Select Add another Income item  on the Other Miscellaneous Income Summary screen 

  • Enter a Description (Interest Income) and amount,  then click on Continue 

A corresponding amount will be entered on line 8 of Schedule 1 and Form 1040, along with the description of "Interest Income"