How do I report nontaxable interest income?

where do I report tax free interest income on turbo tax

how do i report tax exempt interest on turbo tax 2020

You must report all taxable and tax-exempt interest on your federal income tax return. However, tax-exempt interest is not included in figuring adjusted gross income for taxation purposes.

Tax-Exempt Interest is reported in Box 8 of Form 1099-INT.

To report form 1099-INT on your Tax return:

• Login to your account.
• Select Federal from the left menu.
• Go to Wages and Income then Income and Expenses.
• Scroll Down to Interest and Dividends.
• Select Start next to Interest on 1099-INT.

You must report all taxable and tax-exempt interest on your federal income tax return. However, tax-exempt interest is not included in figuring adjusted gross income for taxation purposes.

Tax-Exempt Interest is reported in Box 8 of Form 1099-INT.

To report form 1099-INT on your Tax return:

• Login to your account.
• Select Federal from the left menu.
• Go to Wages and Income then Income and Expenses.
• Scroll Down to Interest and Dividends.
• Select Start next to Interest on 1099-INT.