My wife and I have a dozen or so CD's, all earning exactly the same type of interest, from the same Institution. All have exactly the same OMB number associated with each account. We downloaded a 1099-INT which lists each acct. number and box 1 interest income separately. About a dozen or so pages. The last page consolidates all 12 separate CD accounts into one Combined Statement For Form 1099-INT for Tax Year 2023. Again, only Box 1 is filled in here as well.
Can I enter just the consolidated total for that Institution or must I enter all 12 CD accounts separately?
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Yes, since they are all the same type of income and from the same bank, you can just make one entry with the total interest.
Yes, since they are all the same type of income and from the same bank, you can just make one entry with the total interest.
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