topic Where to enter Interest earned from a personal loan? No 1099-INT in Get your taxes done using TurboTax

Where to enter Interest earned from a personal loan? No 1099-INT

Laurie in Napa — Tue, 24 Feb 2026 07:28:12 GMT

Where in the Turbo Tax program do I enter interest that I earned from a personal loan to a friend? I do not have a 1099-INT and since the interest came from an individual with whom I have a promissory note agreement. This is not for a mortgage.

Re: Where to enter Interest earned from a personal loan? No 1099-INT

rjs — Tue, 05 Sep 2023 01:52:56 GMT

Enter the interest as if you got a 1099-INT, even though you didn't. For the payer's name enter your friend's name and the words "personal loan." Enter the amount of interest in box 1. That's all you have to enter.

Re: Where to enter Interest earned from a personal loan? No 1099-INT

VolvoGirl — Tue, 05 Sep 2023 02:04:54 GMT

All you need to enter is the bank name or who paid you and put the amount in box 1.

Enter interest received like a 1099-Int under

Federal Taxes tab (Personal for Home & Business)

Wages & Income

Interest and Dividends

Interest on 1099INT - Click the Start or Update button

Put the interest amount in box 1

Re: Where to enter Interest earned from a personal loan? No 1099-INT

Laurie in Napa — Tue, 05 Sep 2023 17:43:04 GMT

Thank you! Seems confusing since you’re creating your own 1099 INT but will do it that way! Thanks!!