If interest income is under $10, you won't receive form 1099.
You'll enter it as if you had received a 1099-INT. Here is how to report it in TurboTax:
- Click the Federal Taxes tab. ( Select the Personal Tab and Personal Income when using self employed Home and Business)
- Click Wages & Income.
- Click "I'll choose what I work on."
- Scroll down to the "Interest and Dividends" section.
- Click the Start or Update button for "Interest on 1099-INT."
@SteveH7
