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New Member
posted Jul 15, 2020 2:39:49 PM

For a small amount of interest I didn't get a form, but I put the name of institution and amount of interest under "Interest on 1099-INT." It tells me it "needs review."

Is there another place to enter this interest income?

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3 Replies
Employee Writer
Jul 15, 2020 2:48:13 PM

There is a place in the personal income section called "miscellaneous" or "miscellaneous other" income which is a catchall for any income that doesn't fit anywhere else.

 

It's the last option on the income index screen if I remember correctly -- NOT to be confused with the similar-sounding 1099-MISC "miscellaneous" income which contractors and freelancers get for non-employee income. 

 

Anyhow you can report the interest in that catchall section and remove the 1099-INT

Level 1
Jul 15, 2020 2:49:44 PM

Choose to review that entry and see what is missing.  You can do a search for "1099-INT" and then you can select the correct section.

Expert Alumni
Jul 15, 2020 3:01:31 PM

You have entered it in the correct place.  Double check that you entered the interest income as if it had been reported in Box 1 of Form 1099-INT and no other entries were made.

 

@nina535