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myottodog
New Member

Do I report 1099-INT interest income from a mortgage company. The instuctions said not to.

I have interest income, but its from a mortgage company not a bank.
1 Reply
KrisD
Intuit Alumni

Do I report 1099-INT interest income from a mortgage company. The instuctions said not to.

Yes, if you received a 1099-INT, enter it as interest earned, just as if it came from a bank. The interview questions may be confusing in this situation. The software may be asking if the form is from a mortgage company because some people get confused and start to enter mortgage interest PAID (reported on 1098) in the interest earned section. 

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