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I have $1.07 intrest income from my bank account. Do I need to add this and if so where?

 
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DawnC0
Intuit Alumni

I have $1.07 intrest income from my bank account. Do I need to add this and if so where?

Yes, you should include the 1$ of interest income.  It is reported under Interest and Dividends, see attached.  You only need to enter the bank name and $1 in box 1.  Sign in to your account.  Click on 'Take Me to My Return', then

  • Click Federal Taxes
  • Then click Wages & Income
  • Select "I'll choose what I work on"
  • Scroll down to Interest and Dividends and click Start

**You may need to click on ''See all income types''.

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