Additional refund from IRS after receiving my claimed tax return

I filed my 2019 tax return using TurboTax and received the entire federal tax return as I had claimed. Then, after a couple months, I received a letter from IRS that mentioned I would also receive additional refund (about $70) with a description "Interest credited to your account", and then they deposited that into my account.

Do I need to indicate this additional "refund" for 2019 somewhere in my 2020 tax return, and if yes, where does TurboTax check/ask for this information?

378

1 Best answer

Expert Alumni

Mar 1, 2021 4:01:37 PM

Yes, you need to report it as interest Income as if you received a 1099INT.

To report the interest:

Log in to your account.
Select Federal from the left menu.
Go to Wages and Income then Income and Expenses.
Scroll down to Interest and Dividends
Select Start next to Interest on 1099-INT

Expert Alumni

Mar 1, 2021 4:01:37 PM

Yes, you need to report it as interest Income as if you received a 1099INT.

To report the interest:

Log in to your account.
Select Federal from the left menu.
Go to Wages and Income then Income and Expenses.
Scroll down to Interest and Dividends
Select Start next to Interest on 1099-INT

Why sign in to the Community?

Additional refund from IRS after receiving my claimed tax return