Where on my tax return do i report money that was repaid to me with interest from what I loaned to a family member?

Forum|Forum|7 years ago
June 3, 2019
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TurboTax Deluxe Online

Best answer by TomK2023

You should report the interest income in the same manner as interest received from a bank, just AS IF you have received a form 1099-INT. Enter your individual’s name as a Payer's name and the amount of interest received in box 1.

In TurboTax, open your return and follow these steps:

Click on Federal in the left-hand column, then on Wages and Income on top of the screen
Scroll down to All Income, locate the Interest and Dividends section
Click Show more and click Start next to Interest on 1099-INT

TomK2023Answer

Level 15

In TurboTax, open your return and follow these steps:

Click on Federal in the left-hand column, then on Wages and Income on top of the screen
Scroll down to All Income, locate the Interest and Dividends section
Click Show more and click Start next to Interest on 1099-INT

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