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peonywlwy1
Returning Member

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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SabrinaD2
Expert Alumni

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

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.

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