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Level 2
posted Feb 3, 2022 8:14:43 PM

Hi TT community. I found an answer to my recently posted question. I will report interest income from IRS under miscellaneous reportable income. NNTR. Thanks

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1 Replies
Expert Alumni
Feb 3, 2022 8:28:37 PM

You can report that under Interest Income since it is interest from the IRS.   Enter it like you have a 1099-INT in the interest section of TurboTax.   

 

Form 1099-INT reports interest from banks, brokerages, and other financial institutions (and the IRS).  Here's how to enter a 1099-INT:

  1. Sign into your TurboTax account.
  2. Open or continue to your return if it's not already open.
  3. Inside TurboTax, search for 1099-INT and select the Jump to link in the search results.
  4. Answer Yes to Did you receive any interest income?
    • If you see Here's the interest we have so far, select Add interest income.
  5. On the following screen, select how you want to enter your 1099-INT (import or type it in yourself) and follow the on-screen instructions.   You only need to enter IRS - US Treasury and the amount.