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Retirement tax questions
Please see this answer from NicoleU. Interest is entered in the interest section.
The easiest place to list it is as Other Reportable Income, especially since you have no idea whether taxes were withheld or how that income was reported by the company or person who paid you.
- Click on your Federal Taxes tab and then the Wages & Income tab in that section.
- Scroll all the way down to the section called Less Common Income.
- Choose Miscellaneous Income at the bottom of the list, and then
- Choose Other Reportable Income at the bottom of that section.
- You'll be prompted to enter a description and an amount. You can name it "unclaimed property"
- TurboTax will calculate any applicable taxes for you.
- Click Continue when you are finished.
For the interest, say you did not get a 1099-INT.
- In the upper right hand corner search box, Type 1099-INT; Click the Jump to 1099-INT link that appears in your search results.
- Click Yes when asked if you received any interest income.
- Choose your bank or brokerage from the list to import your 1099-INT and click/tap Continue or manually enter your 1099-INT by clicking I'll type it in myself and click Continue
March 20, 2021
11:53 AM