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Get your taxes done using TurboTax
You would enter this as interest income in your return using Form 1099-INT on the letter. This does not have the usual number of boxes because it is only reporting one item, interest from the IRS.
To enter this in your return:
- Sign in to your TurboTax account and open or continue your return
- Select Federal from the left menu, then Wages & Income (this is called Income & Expenses in TurboTax Self-Employed)
- Locate the section titled Investments & Savings and select Show More, then select Start or Revisit next to Interest on 1099-INT
- Select Okay! on the screen Time to kick off your investments! OR Yes on the screen Did you receive any interest income? then Continue
- If you see the screen Your investments & savings or Here's your 1099-INT info, select Add investments or Add another 1099-INT, then Continue
- On the next screen, select how you want to enter your Form 1099-INT:
- If you want to import your form, search for your brokerage or financial institution. Sign in to your online account and select Get my form
- If you want to upload a copy of your form or manually enter the info, select Enter a different way, and follow the instructions to enter your 1099-INT
- On the screen Do any of these uncommon situations apply? Check the boxes according to your situation and Continue
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‎April 6, 2022
1:49 PM