Does interest income shown on1099-INT form need to be reported? If so, where does it get reported?

[selene]

This 1099-INT form is fom an insurane company. Do I report it? If so, where?

[baldietax]

yes under Wages and Income you will see a topic to add interest on a 1099-INT.  Skip the options to import or upload the 1099-INT, just type it in yourself - all that's needed is a Payer Name and any boxes with amounts.

[CesarJ]

Yes, interest income shown on Form 1099-INT must be reported on your tax return. This includes interest you receive from an insurance company. Interest income is taxable unless specifically exempted.

To enter your 1099-INT interest income in TurboTax Online, follow these steps:

1. Go to the Wages & Income section.
2. Find and select the 1099-INT Interest Income category.
3. Answer Yes to the question "Did you receive any investment income?" and continue.
4. If prompted with a summary screen, choose Add another 1099-INT or Add investments.
5. Choose to enter the 1099-INT manually by selecting Enter a different way or the option to type it in yourself.
6. Follow the instructions to input the details exactly as they appear on your 1099-INT form from the insurance company.

This will ensure your interest income is properly reported on your tax return.