Ive read conflicting advice...1. Report it as personal interest income on SchB even though it is under my EIN. I'm not too comfortable doing this. It doesn't seem correct. 2. Report it as Business Income on Sch C. But I read the IRS pub instructions and it specifically says NOT 1099 income. TT suggested that they mean 1099-MISC, not 1099-INT. I find it hard to believe that they wouldn't be specific. The instructions for other business income says interest from notes or receivables. My interest was from a CD and a checking account. That seems pretty common. Why didn't they address these common forms of interest if this is where it should be reported? Also, on TT, when I go to other business income, it says.... "these are uncommon". Well CD and checking interest from a bank is not uncommon?!!!! HELP!
