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Can I enter interest received from an individual from a personal loan?

I need to enter interest received from an individual not using a 1099-int how do I do that?
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AnnetteB6
Employee Tax Expert

Can I enter interest received from an individual from a personal loan?

You would enter it as if you had received a Form 1099-INT for the interest income.  

 

Enter the person's name as the payer name and enter the interest amount as if it were reported in box 1 of Form 1099-INT.  

 

Use the steps in the following TurboTax help article as a guide:

 

Where do I enter Form 1099-INT?
 

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1 Reply
AnnetteB6
Employee Tax Expert

Can I enter interest received from an individual from a personal loan?

You would enter it as if you had received a Form 1099-INT for the interest income.  

 

Enter the person's name as the payer name and enter the interest amount as if it were reported in box 1 of Form 1099-INT.  

 

Use the steps in the following TurboTax help article as a guide:

 

Where do I enter Form 1099-INT?
 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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