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Returning Member
posted Mar 9, 2025 4:18:39 PM

The interest given by the insurance company should be treated as income or interest and where to report under turbo tax?

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1 Replies
Expert Alumni
Mar 9, 2025 4:51:18 PM

Interest given by an insurance company is generally treated as taxable interest income. Here's how you can report it in TurboTax:

  1. Sign in to TurboTax: Open your TurboTax account and go to your return.
  2. Go to Wages & Income: Scroll down to the "Wages & Income" section.
  3. Click Interest and Dividends:
  4. Enter Interest Income
  5.  Even if you did not receive a Form 1099-INT, you can still enter the interest manually choosing enter a different way.
  6. Enter Details: Enter the name of the insurance company as the payer and the amount of interest received.