LindaS5247
Expert Alumni

Investors & landlords

If you have interest income of at least $10, you'll usually receive a Form 1099-INT.  It's not required to send a Form 1099-INT if it is less than $10, but it is required to report all interest income on your tax return. 

 

 You are correct your interest on your your U.S. Treasury bonds is taxable but only at the federal level, not the state.


Some financial institutions do provide documents combined in this manner.  Interest income for Treasury Bonds is usually reported in Box 3 of your Form 1099-INT.

 

After the end of the tax year, your financial institution should send you a Form 1099-INT reporting all the taxable and tax-exempt interest you received during the year. Typically, interest on corporate bonds will be in Box 1. Interest from U.S. Treasuries will be in Box 3, and tax-exempt interest from municipal bonds will be in Box 8.

 

If you are unsure if your 1099-INT information is accurate or if it is lacking some information, you can contact your financial institution to address your concerns.

 

To enter your interest income without your form, you will enter it in the interest section of your TurboTax Program.

 

For TurboTax Online:

 

  1. Search 1099-INT or 1099INT (lowercase also works).
  2. Select the Jump to link.
  3. Answer "Yes" to "Did you have any interest income?"
    • If you see "Your investments and savings", select "Add investments" or select Edit next to the correct 1099-INT.
  4. Select "Enter a different way" on the "Let's import your tax info" screen
  5. Select "Interest 1099-INT" and Continue.
  6. Select "Type it in myself".
  7. Input your information and select Continue.
  8. At "Do any of these uncommon situations apply?", select your answer and then 
  9. Select Continue.

 

It will look like this:

 

 

 

Click here for "What if I Didn't Get a Form 1099-INT?" This also has directions for TurboTax Desktop users.

 

Click here for information on entering Form 1099-IINT.

 

Click here for additional information on investment bonds.

 

If your bonds are in a treasurydirect account, your 1099-INT form should be available in your account by January 31 of 2024.

 

Click here for information on Treasury Direct.

 

 

Please feel free to come back to TurboTax Community with additional information or questions or click here for help in contacting Turbo Tax Support. 

 

 

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