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Level 1
February 22, 2020
Question

1099-int

  • February 22, 2020
  • 1 reply
  • 15 views

I did not receive a 1099-INT because the total was less than $10.00.  Must I still report it?

 

Thanks, Chris

    1 reply

    Level 14
    February 23, 2020

    Yes, you will still report it on your taxes though you did not receive a Form 1099-INT. You will report it as if you receive a Form 1099-INT.  

     

    To enter information, here are the steps:

     

    In TurboTax online, 

    • Sign in to your account and select Pick up where you left off
    • At the upper right corner, in the search box, type in 1099int then Enter 
    • Select "Jump to 1099int " 
    • Follow prompts

     

     

     

    Level 2
    March 15, 2020

    I have entered the interest earned but must also enter the bank's FEIN.  The interest earned was less than $10 so I did not receive a 1099-INT.  How do I get the bank's FEIN?

    Level 15
    March 15, 2020

    You can contact the bank, but there's no requirement for entry of a FEIN when reporting interest income.

    In the Review process in TurboTax, the program may request that you enter the FEIN.  Click Continue on this screen, and you should be able to file without the FEIN.