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Level 1

Solved

How to enter taxable bank interest income from THREE 1099 INT Forms from the same bank?Should I combine the amounts? TurboTax offers only one slot.

Forum|Forum|7 years ago
June 5, 2019
2 replies
29 views

No text available

TurboTax Deluxe Online

Best answer by JulieCo

Yes, you can combine them if they are from the same bank. Or you can enter them one at a time, even though they are all from the same bank. You can choose which you want to do.

To enter them one at a time, simply enter the first bank name and 1099-INT amount and complete the screens. When asked if you had interest from another bank, say YES and then enter the bank name again and the next 1099-INT amount, etc. When you are done entering all three, you will see the summary screen of all three listed and totalled. See sample screenshot attached.

Level 11

Yes, you can combine them if they are from the same bank. Or you can enter them one at a time, even though they are all from the same bank. You can choose which you want to do.

To enter them one at a time, simply enter the first bank name and 1099-INT amount and complete the screens. When asked if you had interest from another bank, say YES and then enter the bank name again and the next 1099-INT amount, etc. When you are done entering all three, you will see the summary screen of all three listed and totalled. See sample screenshot attached.

Level 15

Or after you enter the first one click on the +Add Interest Income below the box.