Vanessa A
Employee Tax Expert

Deductions & credits

Yes, the interest is taxable income. You can enter it by selecting the following:

  1. Federal
  2. Income
  3. Show more next to Interest and Dividends
  4. Start next to interest on 1099-INT
     

You do not have to have the 1099-INT to claim it, all you will need is the payors Social security number and the amount they paid.
 

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