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Get your taxes done using TurboTax
You can report it as if you receive 1099-INT for that income.
- Open (continue) your return if it's not already open.
- Inside TurboTax, search for 1099-INT and select the Jump to link in the search results.
- Answer Yes to Did you receive any interest income?
- If you see Here's the interest we have so far, select Add interest income.
- On the following screen follow the on-screen instructions.
Or you can report it as Other Income. Follow these steps to enter it in TurboTax:
Federal Taxes -> Wages & Income -> I'll choose what I work on -> Scroll to the bottom and under Less Common Income select Start (or Update) for Miscellaneous Income. You can enter your 1099-MISC information there.
March 24, 2021
4:44 PM