turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

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

 
Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

5 Replies

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.

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.
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies