topic Where do I include interest from payments on a personal loan? in Deductions & credits

Where do I include interest from payments on a personal loan?

galejordan — Tue, 03 Feb 2026 08:43:19 GMT

I do not have a 1099 INT for a personal loan.

xmasbaby0 — Sun, 23 Feb 2025 17:18:30 GMT

You cannot deduct interest paid for a personal loan. You do not enter it anywhere.

galejordan — Sun, 23 Feb 2025 17:22:04 GMT

I received the interest on a loan I made to a family member.

VolvoGirl — Sun, 23 Feb 2025 17:23:59 GMT

Did you receive the interest from someone? That is taxable.

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

Mike9241 — Sun, 23 Feb 2025 18:49:12 GMT

however, if you received interest on a personal loan you made, that's reported on form 1099-INT. list the persons name as the payer