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Level 3
posted Mar 19, 2023 2:27:05 PM

1099-INT from Department of the Treasury Internal Revenue Service

Do i have to input 1099-INT letter from Department of the Treasury Internal Revenue Service in turbotax?

If yes where?

I only have 1 box "interest paid" on this 1099 letter. What do i put in box 3 in turbotax? zero?

0 3 630
3 Replies
Level 15
Mar 19, 2023 2:33:02 PM

Is it interest the IRS paid you on a refund?

 

Enter interest from the IRS like a 1099Int and put the amount in box 1.  Enter it manually and just enter IRS for the payer.  Don't enter any other info like the address or a EIN.  Don't enter anything in box 3.  It is not Treasury interest on US bonds or investments.

 

Enter a 1099-Int  under

Federal on left

Wages & Income at top

Interest and Dividends

Interest on 1099INT - Click the Start or Revisit button

 

Don't enter a bank or broker name and don't try to import it.  At the bottom pick -  Change How I enter my Form

Then on the next screen pick I'll Type it in Myself

Level 15
Mar 19, 2023 2:35:06 PM

Enter the Received from or Payer's name as the IRS.  The interest in box 1 and nothing in box 3.

Level 3
Mar 19, 2023 3:27:56 PM

I am in CHECK THIS ENTRY. it wants "PAYERS STREET ADDRESS" now! "payer street must be entered" what do i type???