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wlmmlr
New Member

I received a payment from my employer that had been erroneously held back. It included an interest payment but this is not reflected on the W-2 and there was no 1099 issu

 
5 Replies
MichaelL1
Level 15

I received a payment from my employer that had been erroneously held back. It included an interest payment but this is not reflected on the W-2 and there was no 1099 issu

approx how much?  Over $400?  
The interest will be reported under interest income
wlmmlr
New Member

I received a payment from my employer that had been erroneously held back. It included an interest payment but this is not reflected on the W-2 and there was no 1099 issu

It’s only $31.07.
wlmmlr
New Member

I received a payment from my employer that had been erroneously held back. It included an interest payment but this is not reflected on the W-2 and there was no 1099 issu

Thanks, I thought I needed to identify a financial institution but i did not.
MichaelL1
Level 15

I received a payment from my employer that had been erroneously held back. It included an interest payment but this is not reflected on the W-2 and there was no 1099 issu

Report as Misc Income:on the non-interest part (unless it is a just a reimbursement then it would be non-taxable)

Click on “Take me to my return” button.

Click on Federal tab (left-hand side of screen).

Click in Wages and Income (near top of screen)

 Scroll down to Less Common Income.

Click on Start next to Miscellaneous Income.

 Click on Other reportable income.

 Follow the questions
wlmmlr
New Member

I received a payment from my employer that had been erroneously held back. It included an interest payment but this is not reflected on the W-2 and there was no 1099 issu

I received a W-2 for the income portion so that was not an issue, just the interest which was not accounted for.
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