topic How do I create a 1099-INT to transfer interest on a personal savings account from one owner to another?This is personal interest, NOT BUSINESS related. in Get your taxes done using TurboTax

How do I create a 1099-INT to transfer interest on a personal savings account from one owner to another?This is personal interest, NOT BUSINESS related.

JenniferF — Sat, 28 Mar 2026 21:12:15 GMT

On the IRS and Turbotax sites, I can only find options for business related 1099-INT forms, including the transfer form 1096. This interest is on a personal account; we don't want to confuse business income by including it there.

Re: How do I create a 1099-INT to transfer interest on a personal savings account from one owner ...

SharonD007 — Sun, 29 Mar 2026 05:03:17 GMT

You can't create a 1099-INT for nominee interest in TurboTax.

To create a 1099-INT for nominee interest, you must file Form 1099-INT listing yourself as the “Payer” and the actual owner as the “Recipient,” using your information as the payer and theirs for the recipient. Send Copy A to the IRS by February 28 (or March 31 if filing electronically) along with Form 1096, and provide Copy B to the actual owner by January 31.

You can download a fillable PDF form to complete from the IRS website: Form 1099-INT.

Re: How do I create a 1099-INT to transfer interest on a personal savings account from one owner to another?This is personal interest, NOT BUSINESS related.

VolvoGirl — Sun, 29 Mar 2026 17:53:40 GMT

You still use the regular 1099INT & 1096. It's not just for business accounts. And you can use Turbo Tax to create them.

Whoever's ssn is on the 1099 enters the whole amount on their return. Then after you enter it, on the next page it will ask - Do any of these uncommon situations apply and pick the first one, I need to adjust the interest reported on my form.

Then on the next page fill in their amount as a POSITIVE number and pick the first reason "I received all or part of this for someone else".

Then on the other person's return you enter it as a 1099 Int and put their amount in box 1.

You can fill out a 1099INT to give them. You will need a 1099INT form and the 1096 Transmittal. If you have the Online Premium version or the Desktop Home & Business you can use Quick Employer Forms to fill them out and efile.

Quick Employer Forms
https://quickemployerforms.intuit.com/home

Quick Employer Forms FAQ
https://quickemployerforms.intuit.com/faq.htm

How to prepare 1099 & W2
https://ttlc.intuit.com/community/forms/help/how-do-i-create-w-2-and-1099-forms-in-turbotax/00/25869

IRS Form 1099INT
https://www.irs.gov/pub/irs-pdf/f1099int.pdf

IRS Form 1099DIV
https://www.irs.gov/pub/irs-pdf/f1099div.pdf

IRS Transmittal 1096
https://www.irs.gov/pub/irs-pdf/f1096.pdf

Re: How do I create a 1099-INT to transfer interest on a personal savings account from one owner ...

user17748056112 — Sun, 29 Mar 2026 17:41:03 GMT

You can get the 1099-INTs you are going to send others from the IRS website, but not the 1099-INT and 1096 you need to report those to the IRS. I've been looking and looking; this is ridiculously hard when you're an individual, not a business. The fillable pdf doesn't work for submittal to the IRS. They even warn you against it!