JillS56
Expert Alumni

Get your taxes done using TurboTax

1099-INT Form 1--Box 3, shows only Annual Interest Paid, which I reported in my tax return.     Report whatever is reported on the 1099-INT and in the box number it is reported.   If there is an amount in Box 3, then enter that amount in Box 3 in TurboTax.   

 

1099-INT Form 2--Box 3, shows an Accrued Interest amount in both columns. Meaning the Accrued Interest amount is listed at the top and bottom of the Accrued column, and then it is listed again at the bottom of Annual Interest Paid column next to the line reading "Total Interest Reported." Do I report this amount, too?  Enter the amount that shows in Box 3 of the 1099-INT.  Again, report whatever is on the 1099-INT in the boxes it is reported on the 1099-INT.