New Member

posted Feb 20, 2025 2:21:02 PM

Reporting Interest from a Church

In Turbo Tax Home & Business where do I report the interest I received from money I loaned a church? I did not receive an 1099-INT or 1098 from them (I believe they do not have to file or send any forms because they are tax exempt and a non-profit.)

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1 Best answer

Level 15

Feb 20, 2025 2:22:57 PM

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

Put the interest amount in box 1

1 Replies

Level 15

Feb 20, 2025 2:22:57 PM

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

Put the interest amount in box 1

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