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Where do I report bank interest earned on a rental property bank account?

The 1099-INT is issued to my SSN.
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KrisD15
Expert Alumni

Where do I report bank interest earned on a rental property bank account?

HERE is a link to a thread with a similar question. 

If the rental is not treated as a business, you can report the interest as personal interest. 

 

If you want to have the rental claim the interest, it is suggested that you make a double entry, enter Form 1099-INT, back-out the income and enter again as rental income. 

 

The issue is that the IRS will want to match Form 1099-INT and entering it as personal interest makes the entry obvious. 

 

 

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1 Reply
KrisD15
Expert Alumni

Where do I report bank interest earned on a rental property bank account?

HERE is a link to a thread with a similar question. 

If the rental is not treated as a business, you can report the interest as personal interest. 

 

If you want to have the rental claim the interest, it is suggested that you make a double entry, enter Form 1099-INT, back-out the income and enter again as rental income. 

 

The issue is that the IRS will want to match Form 1099-INT and entering it as personal interest makes the entry obvious. 

 

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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