Federal interest income

[PipiR]

I received a letter from IRS stating that I had taxable interest paid to me by the Internal Revenue Service in 2024 in the amount of $17.00.  There is no form number. I tentatively entered the amount in form 1040, column 1H  "Other Earned Income." Would this be correct?

[KeshaH]

You can enter this income as interest under Form 1099-INT. Enter Internal Revenue Service as the payer and $17 as the amount.

[PipiR]

The letter states that I should report this interest as income. Would this interest be considered income or merely intestest?

[VolvoGirl · Accepted solution]

It’s both.  Interest is income.  

Enter interest from the IRS like a 1099Int and put the amount in box 1.  Enter it manually and just enter IRS for the payer.  Don't enter any other info like the address or a EIN.

Enter a 1099-Int  under

Federal on left

Wages & Income

Interest and Dividends

Interest on 1099INT - Click the Start or Revisit button