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pgshupe
New Member

How do you report 1099-Misc interest income as NOT self-employment income

 
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1 Reply
SabrinaD2
Employee Tax Expert

How do you report 1099-Misc interest income as NOT self-employment income

Here's how to report 1099-MISC interest income in TurboTax:

  1. Open or continue your return.
  2. Navigate to the 1099-MISC section:
    • TurboTax Online/Mobile: Go to 1099-MISC.
    • TurboTax Desktop: Search for 1099-misc and select the Jump to link.
  3. Answer Yes to Did you get a 1099-MISC?
    • If you already entered a 1099-MISC, on the 1099-MISC Summary screen select Add another 1099-MISC..
  4. Enter the details from your 1099-MISC.
  5. When asked if the income involved work, select No.
  6. Confirm that it did not involve an intent to earn money.
  7. Follow through with the rest of the questions
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