topic How do I report interest if no 1099 is being issued? in Get your taxes done using TurboTax

How do I report interest if no 1099 is being issued?

d_snively — Mon, 03 Jun 2019 17:33:40 GMT

Is it from a Seller financed mortgage?

SweetieJean — Mon, 03 Jun 2019 17:33:42 GMT

Is it from a Seller financed mortgage?

Yes, you can still report your Interest Income without a...

ModestaL — Mon, 03 Jun 2019 17:33:43 GMT

Yes, you can still report your Interest Income without a 1099-INT. To enter your Interest Income, please complete the following steps below:

Sign in to TurboTax (if you're not already signed in)
Click on the Take me to my return button
Click on Federal Taxes tab
Click on Wages and Income tab
Scroll down to Interest and Dividends (Show More)
Click on the Start/Update button (next to Interest on 1099-INT) and follow the Interview questions.

Please see FAQ (click on see entire answer), for more information about not receiving a 1099-INT: https://ttlc.intuit.com/replies/4774384

Re: Is it from a Seller financed mortgage?

Michellemlm777 — Sun, 05 Sep 2021 14:41:46 GMT

Yes

Re: Is it from a Seller financed mortgage?

Critter-3 — Sun, 05 Sep 2021 15:14:03 GMT

@Michellemlm777

Are you PAYING the mortgage interest ?

Or RECEIVING the interest ? If receiving the answer above your post gives you the directions to enter it.

Re: Yes, you can still report your Interest Income without a...

Allan Gale — Thu, 17 Feb 2022 00:27:34 GMT

Your directions to still report interest is flawed. I have bank interest but at about $7.00 they issued no 1099int statement.

Now when I enter the bank name and interest all is well but turbotax will not work with it as there is no

payers TIN. I just keep getting a "Please Review".

Re: Yes, you can still report your Interest Income without a...

VolvoGirl — Thu, 17 Feb 2022 00:32:51 GMT

I enter all my interest that way even if I have the 1099 INT.

Don't enter the bank or broker name and don't try to import it. It is just as fast and easy to manually enter it. At the bottom pick - Change How I enter my Form

Then on the next screen pick I'll Type it in Myself

Re: Yes, you can still report your Interest Income without a...

davlowal — Tue, 08 Mar 2022 17:23:42 GMT

Did you find a solution for this? I am having the same issue. If you search the help the text even states that if you enter the information yourself, no FEIN box will be present. But it's there, alright. And it's preventing me from finishing my taxes.

Re: Yes, you can still report your Interest Income without a...

LoganathanB — Tue, 08 Mar 2022 20:53:24 GMT

The TurboTax will not ask for EIN if you choose the option I will type it myself.

Enter Bank in the Received from box and enter the amount of interest in Box 1.

Open your Tax return
Click on Federal >Wages & Income
Click on Interest and follow the onscreen instructions.

Click on the link for more information

Bank Interest

Re: Yes, you can still report your Interest Income without a...

rbrookefox — Fri, 08 Apr 2022 23:27:09 GMT

But TT still allows the amount to be entered only in the "Box 1" box, even though no 1099 was received.

Re: Yes, you can still report your Interest Income without a...

MarilynG — Sat, 09 Apr 2022 01:48:35 GMT

Yes, if you are entering Interest in the 1099-Int section, and chose 'I'll type it in myself', TurboTax displays a screen where you can enter your interest amount in Box 1.

You don't need to have a 1099-Int form to do this.

If you have another type of interest to report, please clarify and we'll try to point you in the right direction.

Click this link for more info on How to Enter 1099-INT.

@rbrookefox

Re: Yes, you can still report your Interest Income without a...

rbrookefox — Sat, 09 Apr 2022 18:39:26 GMT

@MarilynG I thought the "Box 1" etc. notes referred to the 1099, in which case entering the number as being supplied there is not true, and would not reconcile with the data supplied by the payee to the IRS.

Re: Yes, you can still report your Interest Income without a...

CarissaM — Sat, 09 Apr 2022 22:34:15 GMT

It would be best to follow the instructions here to contact us by phone so we can better assist you.

Re: Is it from a Seller financed mortgage?

jgrohusky — Sat, 01 Feb 2025 15:31:39 GMT

Yes

Re: Is it from a Seller financed mortgage?

DianeW777 — Sat, 01 Feb 2025 16:55:59 GMT

Installment sale interest is treated the same way as interest from a bank or other financial institution. You will need the name, address and SSN or EIN of the payer/buyer.

To enter your seller-financed mortgage interest:

Click Tax Home tab > Income
Scroll down to Interest & Dividends > Less Common Investments and Savings > Select Interest from Seller-Financed Loans
Enter Payer/Buyer information and interest amount

Re: Yes, you can still report your Interest Income without a...

Leeo1 — Sun, 16 Feb 2025 05:06:27 GMT

Direction apply to 2019 are out of date with the current (2024) turbo tax program.

Re: Yes, you can still report your Interest Income without a...

KeshaH — Sun, 16 Feb 2025 14:01:20 GMT

To enter interest income when you didn't receive a 1099-INT:

1. Log in to your TurboTax Account. On the Tax Home screen, click Wages & Income and then Review/Edit or Pick up where you left off.

2. Scroll down to investments and savings, and click on Start or Revisit next to 1099-INT.

3. If you haven't entered any investment income yet, you'll be asked if you have any to report. Choose Yes.

4. If you've already added some investment income, select the button that says Add investment income.

5. On the Let's import your tax info screen, scroll to the bottom and choose Enter a different way.

6. Choose Interest from the list of investment income types and then Continue.

7. Select Type it in myself.

8. Enter the payer's name and the amount you received. If it's regular interest, the amount should go in box 1.

@Leeo1

Re: Yes, you can still report your Interest Income without a...

TonyDon — Thu, 20 Mar 2025 16:39:18 GMT

This is not correct. TT is still asking for the field, and flagging the entry as in error if it is not provided.

Re: How do I report interest if no 1099 is being issued?

CatinaT1 — Fri, 21 Mar 2025 18:22:20 GMT

Are you sure you are in the right section? What field are you getting stuck on?