How do I report interest earned from repayment of a personal loan I made to a family member. ?

[Taxes422]

I lent money to a family member so she could purchase a home.  She is paying me back with Principal and Interest .  The interest is what I have to report as  income as I understand it.

[JohnW152]

You're correct, you only need to report the interest.  You'll simply go through the same path as if you were entering your information with a Form 1099-INT, entering any information you have.

To enter interest without a Form 1099-INT in TurboTax Online:

1. If you don’t see 2022 TAXES in the left pane, select the dropdown to the right of Income & Expenses on the Hi, let’s keep working on your taxes! page and then select Let’s get started, Pick up where you left off, or Review/Edit. 
   • Otherwise, in the left pane, select Federal, then Wages & Income (This is labelled Income & Expenses in TurboTax Self-Employed)
2. Scroll down and select the Show more dropdown to the right of Investments & Savings 
3. Select  Start or Revisit to the right of Interest on 1099-INT
4. Select  Yes on the Did you receive any investment income? screen, then select Continue
   • If you see either the Your investments & savings or Here's your 1099-INT info screen, select Add investments or Add another 1099-INT as appropriate, then select Continue
5. On the  Let's import your tax info screen, select Enter a different way
6. On the  OK, let's start with one investment type screen, select Interest, then Continue
7. On the  How would you like to upload your 1099-INT? screen, select Type it in myself
8. Type in all available information

Please see the TurboTax Help article What if I didn't get a 1099-INT from my bank? for an alternate entry procedure.

[Love2Bike]

In case of the desktop version, would that be under "Interest and Dividends" section for "Personal Income"?

[KrisD15]

Using TurboTax Desktop, click Personal

Personal Income

Interest and Dividends

Interest on 1099-INT   START

Select "Type it in myself"

Enter the family member's name and the amount. 

You can select "NO" to providing their Federal ID Number