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Business & farm
If this were a K-1, it would most likely identify itself as such.
Taxable interest includes interest that's been received from bank accounts, loans made by the taxpayer to another person, and other sources.
Interest received for prepaid funeral costs should be entered as if you received a Form 1099-INT.
With TurboTax Online open,
- Click the Pick up where you left off button, if it’s present
- Let the whole page load
- Click the Search box at the top of the screen
- Type form 1099-int in the search box
- Click Jump to form 1099-int
- Enter the information yourself in the interview process.
March 22, 2021
8:04 AM