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fasteddie577
Level 6
January 30, 2021
Solved

1099-INT Aggregate

  • January 30, 2021
  • 1 reply
  • 13 views

I received my 1099-INT which has the aggregate of all my account on one statement. Can I just report the interest as an aggregate total or do I have to enter each account separately?  Accounts include Checking, savings and CD's. Thanks. 

Best answer by VolvoGirl

Just enter the bank name and amount in box 1 and any other boxes the 1099Int statement has.

 

Enter a 1099-Int  under

Federal Taxes tab

Wages & Income

Interest and Dividends

Interest on 1099INT - Click the Start, Revisit Or Update button

 

ps.....Don't enter the bank name and don't try to import it.  It is just as fast and easy to manually enter it.  When you enter a 1099 the first screen is How to Enter, by Import or Enter it Myself. Scroll down and click the last circle to enter it myself.

1 reply

VolvoGirl
Level 15
January 30, 2021

You can enter the total.

fasteddie577
Level 6
January 30, 2021

What the section where asks for the account number? Thanks

VolvoGirl
VolvoGirlAnswer
Level 15
January 30, 2021

Just enter the bank name and amount in box 1 and any other boxes the 1099Int statement has.

 

Enter a 1099-Int  under

Federal Taxes tab

Wages & Income

Interest and Dividends

Interest on 1099INT - Click the Start, Revisit Or Update button

 

ps.....Don't enter the bank name and don't try to import it.  It is just as fast and easy to manually enter it.  When you enter a 1099 the first screen is How to Enter, by Import or Enter it Myself. Scroll down and click the last circle to enter it myself.