topic How do I enter tax exempt interest? in Business & farm

How do I enter tax exempt interest?

hootziepa — Tue, 04 Jun 2019 21:16:01 GMT

To enter your tax exempt interest in TurboTax you need to...

jbeasley2 — Tue, 04 Jun 2019 21:16:03 GMT

To enter your tax exempt interest in TurboTax you need to go to the section to enter your 1099-INT by following the directions below.

Select Federal Taxes (Personal if using TurboTax Self-Employed or Home and Business)
Select Wages & Income (I'll choose what i work on)
You may need to click on Skip to see all income
Scroll down to Interest and Dividends
Click on Show more and then Interest on 1099-INT
Start or Update

Then when you enter your 1099-INT into TurboTax, under the field that you input your interest income there is a box you can check that says "My form has info in more than just box 1 (this is uncommon)." When you check this box, more boxes from the 1099-INT will appear, including Tax Exempt Interest.

Where do I enter interest with no 1099-INT form in TurboTax

PriscillaHaley — Wed, 24 Feb 2021 19:12:25 GMT

Where would the customer enter if there is no 1099-INT form?

Re: Where do I enter interest with no 1099-INT form in TurboTax

ReneeM7122 — Fri, 26 Feb 2021 18:27:31 GMT

If you didn't receive a form 1099-INT, you should still enter the information into TurboTax as though you had. Enter the payer name and add the interest that you received in Box 1. TurboTax will handle the rest.

@PriscillaHaley