You'll need to sign in or create an account to connect with an expert.
Yes.
You have to report all income. Interest is reported on form 1099-INT. Even if you didn't receive that form, you have to report the income as if you received the form.
In TurboTax Online, you can enter your form 1099-INT by following these steps:
all income is supposed to be reported. you can omit it and file and see if the IRS sends you a bill that would include the additional taxes, penalties and interest. The IRS might not if the amount is extremely small and your taxes don't change. Not reporting everything is a poor practice to get into.
others may offer free-file in which you can report the interest.
https://www.irs.gov/filing/free-file-do-your-federal-taxes-for-free
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
Bob in Plano
Level 3
glerbnik84
Level 3
koonsup
Level 1
chunhuach
Level 1
VAer
Level 4
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.