topic I have two numbers for my interest income. What number do I enter? in Get your taxes done using TurboTax

I have two numbers for my interest income. What number do I enter?

jess-lynn-johnso — Sat, 08 Feb 2020 04:04:59 GMT

I have two numbers for my interest income. The two numbers add up to how much interest I made. Which one number do I put down?

Re: I have two numbers for my interest income. What number do I enter?

KrisD15 — Sat, 08 Feb 2020 04:18:25 GMT

enter the total

Re: I have two numbers for my interest income. What number do I enter?

pk — Sat, 08 Feb 2020 04:18:27 GMT

@jess-lynn-johnso did you get two 1099-INT or just bank statements ? If these are two separate 1099-INT, you must enter both separately --- TurboTax does allow that. This is more work but the Automatic Under-Reporter (AUR ) program in IRS will want to see entries for each 1099-INT or may send you a notice of under-reporting. ( CP2000 ).

Does this answer your question?

Re: I have two numbers for my interest income. What number do I enter?

bookworm209 — Sat, 08 Feb 2020 04:40:34 GMT

@pkis correct. If this interest is, perhaps from 2 savings accounts at the SAME bank and it came in on the SAME form, you could combine the interest. If the interest reported is on separate forms, report it separately. It's easier bookkeeping for everyone. Good luck!