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stowbev
New Member

Are multiple 1099Ints from one Payer entered separately?

My Bank provides 3 separate F1099Int. Do I add it up or try enter separately?
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1 Reply
Karis_F
Employee Tax Expert

Are multiple 1099Ints from one Payer entered separately?

It depends. It is preferable to enter each Form 1099-INT you receive separately in TurboTax, even if from the same bank. However, adding up the interest income in Box 1 from all of your Form 1099-INTs from the same bank and reporting that amount in one 1099-INT form is okay too. Just make sure to include amounts from other boxes on the forms (if any).

 

To enter Form 1099-INT in TurboTax Online go to Wages & Income>Investments & Savings

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