Ally bank multiple CD accounts how to enter interest income

[JohnB5677]

Ally bank should have sent you a 1099-INT, or if you have a printout, it should have the 1099-INT format.

To manually post a 1099-INT

1. Select Federal
2. Wages & Income 
3. Scroll to Investments & Savings and 
4. select Show More,
5. Start or Revisit next to Interest on 1099-INT - Okay! 
6. Time to kick off your investments! 
7. Yes, on the screen Did you receive any interest income? then Continue.
   • If you see the screen Your investments & savings or Here's your 1099-INT info, select. 
   • Add investments or add another 1099-INT, then Continue.
8. Choose how you'd like to enter your 1099-DIV:
   • If you'd rather manually enter your form, select. 
     • Change how I enter my form, select. 
     • 1099-INT, then 
     • Type it in myself on the following screen.
9. Follow the on-screen instructions to enter the info from your 1099-INT.
10. When you reach the screen Here's your 1099-DIV info, the form you just entered should be listed.

• If you need to enter another 1099-INT, select Add another 1099-INT and follow Steps 4-6 above.

Note: Don't combine the amounts from two or more 1099-INT forms if they're from the same payer—enter each form separately.

[pdgeorge]

Thank you for answer.  The downloaded form from Ally was unusable, I did need to enter manually.  And I thought I needed to enter each CD interest income separately but that didn't work - I ended up just entering the total interest

[SteamTrain]

@pdgeorge 

Yep...that's what I do every year for ALLY......Just the final total.  ALLY has that total in their final 1099-INT listing.

...a proper 1099-INT import from ALLY, if you have several CDs, has not been available for many years....at most, only 1 or 2 separate 1099-INTs will import...but you really only need the final one with the total interest on it.  Manual entry is the way to go.