I have two numbers for my interest income. What number do I enter?

Forum|Forum|6 years ago
February 8, 2020
3 replies
46 views

I have two numbers for my interest income. The two numbers add up to how much interest I made. Which one number do I put down?

TurboTax Free Edition Online

KrisD15

Alumni - Intuit

enter the total

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pk_

Level 15

@jess-lynn-johnso did you get two 1099-INT or just bank statements ? If these are two separate 1099-INT, you must enter both separately --- TurboTax does allow that. This is more work but the Automatic Under-Reporter (AUR ) program in IRS will want to see entries for each 1099-INT or may send you a notice of under-reporting. ( CP2000 ).

Does this answer your question?

bookworm209

Level 2

@pk12_2is correct. If this interest is, perhaps from 2 savings accounts at the SAME bank and it came in on the SAME form, you could combine the interest. If the interest reported is on separate forms, report it separately. It's easier bookkeeping for everyone. Good luck!