topic Where do I report interest income under $10 with no 1099? in Get your taxes done using TurboTax

Where do I report interest income under $10 with no 1099?

tinaarmstrong — Wed, 05 Jun 2019 18:41:48 GMT

I did not receive a 1099 because interest was under $10. I do not know where to report that

You enter it as if you had received a 1099-INT. Click t...

SherekaB — Wed, 05 Jun 2019 18:41:50 GMT

You enter it as if you had received a 1099-INT.

Click the Federal Taxes tab. ( Select the Personal Tab and Personal Income when using self employed Home and Business)
Click Wages & Income.
Click "I'll choose what I work on."
Scroll down to the "Interest and Dividends" section.
Click the Start or Update button for "Interest on 1099-INT."

Or use our jump feature:
https://ttlc.intuit.com/replies/3300478

Re: You enter it as if you had received a 1099-INT. Click t...

t2smith10 — Sun, 19 Jan 2020 16:23:25 GMT

Wrong answer. Software finds errors if you don't enter Federal Identification Number (FEIN) which you don't have if you didn't receive a 1099-INT. Why can't this simple thing be built into the software?

Re: Where do I report interest income under $10 with no 1099?

JotikaT2 — Mon, 20 Jan 2020 19:16:12 GMT

You do need to report your Interest Income.

If you did not receive a 1099-INT for Interest income, it is because the amount reportable was under $10 and the institution was not required to issue a 1099-INT Form.

You will enter your Interest income (which you should be able to find on your last statement of the year from your institution) as follows:

Select "Wages & Income" under the Federal Tab
Select "Interest on 1099-INT"
Select "Add another 1099-INT"
Proceed to enter in the applicable information.

You do not have to have a Federal Identification Number (FEIN) to report your interest income.

Re: You enter it as if you had received a 1099-INT. Click t...

altax — Sat, 01 Feb 2020 18:22:27 GMT

having same problem did you find a answer ????

Re: You enter it as if you had received a 1099-INT. Click t...

t2smith10 — Sun, 02 Feb 2020 02:31:21 GMT

I searched for my bank's FEIN and used that. I don't know what I did wrong because it wouldn't let mine go through without the FEIN. It kept flagging it as an error.

Re: You enter it as if you had received a 1099-INT. Click t...

JamesG1 — Sun, 02 Feb 2020 19:28:01 GMT

See this help and this help. To enter interest income, do the following:

Click on Federal.

Click on Wages & Income.

Under Your Income, choose Interest and Dividends.

Choose Interest on 1099-INT.

Re: You enter it as if you had received a 1099-INT. Click t...

honestmc — Sat, 07 Mar 2020 00:42:54 GMT

None of the answers on TurboTax address the issue that TT wants information from a 1099-int to complete the process. Asking "enter the amount from box 1" when we don't have a 1099 in the first place isn't helpful. How do we enter interest income that doesn't have a 1099 or EIN???

Re: You enter it as if you had received a 1099-INT. Click t...

KrisD15 — Sat, 07 Mar 2020 00:55:37 GMT

You can enter it as other income.

Click Federal

Click Wages and Income

Scroll to the bottom and click Show more under “Less Common Income”

(you may need to answer Yes/No questions and/or click “All income” first)

Scroll to the bottom “Miscellaneous Income, 1099-A, 1099-C" and click Start

Scroll to the last choice “Other reportable income” and click Start

Enter “Earned Income" as the description and the amount and Continue

Click Done on the next page

This puts the income on Schedule 1 line 8 and flows to your 1040 line 7a

Re: Where do I report interest income under $10 with no 1099?

ThatVoidGuy — Mon, 21 Feb 2022 21:45:44 GMT

So for example, Robinhood sent me my 1099 but the amount I reported on is 9.64. I shouldn't have to disclose that form then. Sounds to me this just a way of getting people to pay 80 dollars for Premier when you could potentially file for free...

Re: Where do I report interest income under $10 with no 1099?

KrisD15 — Mon, 21 Feb 2022 22:04:28 GMT

Trading through Robinhood is Capital Gains (or loss) not interest.

Re: You enter it as if you had received a 1099-INT. Click t...

roadrunner_7 — Tue, 01 Mar 2022 19:58:17 GMT

Thank you so much I appreciate this. It helped me so much I used this information to file my taxes.

Re: Where do I report interest income under $10 with no 1099?

mbranchick — Fri, 24 Feb 2023 19:29:28 GMT

How do I report a bank that did not provide me a 1099? I received over 10$ in interest but never received a 1099 and they claim I will not ever get one.

Re: Where do I report interest income under $10 with no 1099?

MayaD — Fri, 24 Feb 2023 19:41:37 GMT

You can report the income the same way as if you received a 1099-INT.

To enter the interest income please follow the steps listed in the link: Where do I enter Form 1099-INT?

Re: Where do I report interest income under $10 with no 1099?

mbranchick — Fri, 24 Feb 2023 20:23:46 GMT

I would like to know where to report a business that didn't provide a 1099 even though they were legally required.

Re: Where do I report interest income under $10 with no 1099?

TeresaM — Fri, 24 Feb 2023 20:34:46 GMT

If you have not received an expected Form 1099 by a few days after January 31st, contact the payer. If you still do not get the form by February 15, you may call the IRS for help at 1-800- 829-1040. In some cases, you may obtain the information that would be on the 1099 from other sources.