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I received some money from selling my half of out house to my ex-husband through the divorce settlement and got interest on it. How should I file this 1099?

The money from the house is in an investment account and it accrued interest. How do I file this account in my taxes?
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1 Reply
Vanessa A
Expert Alumni

I received some money from selling my half of out house to my ex-husband through the divorce settlement and got interest on it. How should I file this 1099?

You can enter it by clicking the following:

  • Federal
  • Income
  • Show more next to Interest and Dividends
  • Start next to interest on 1099-INT

This interest is taxed as ordinary income, which is the same rate your wages or salary is taxed at. 

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