LinaJ2020
Expert Alumni

Deductions & credits

I will suggest you to enter under "Other Income".  Here are the steps:

 

 

In TurboTax online,

  • Sign into your account, select Pick up where you left off
  • To the right upper corner, in the search box, type in "other reportable income" and Enter
  • Select Jump to other reportable income
  • Next screen, Other Wages Received, select No to continue
  • Next screen, scroll down all the way to the bottom, under Other reportable income, select Start
  • Next screen, Any Other Taxable Income? select Yes to continue

This amount will show on line 8 of Schedule 1 and Form 1040.  As long as it is reported on your tax return "somewhere", IRS will accept even though it was not reported on line 2, the interest line.  

 

 

 

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