Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
cancel
Showing results for 
Search instead for 
Did you mean: 
TTPenn
New Member

I'm using TT Home and Business and need to enter a 1099-INT into my business income, not my personal income. How do I do this please?

 
1 Best answer

Accepted Solutions
IreneS
Intuit Alumni

I'm using TT Home and Business and need to enter a 1099-INT into my business income, not my personal income. How do I do this please?

You can enter the interest reported on a 1099-INT as Other Income for your business by following these steps:

  1. Click on the Business tab > Continue > I'll choose what to work on
  2. On the Let’s gather your business info screen, in the Business Income and Expenses section, click the Start/Update button.  [See Screenshot #1, attached.]
  3. If you have already started adding information about your business, you will see the Here's the business info we have so far screen.  Click on the Edit box next to the business.  [Screenshot #2]
  4. If you haven't already started adding business information, continue through the screens to enter the needed information.
  5. You will now be on the Your [business type] Business screen.  In the Business Income section, click on the Start/Update box.  [Screenshot #3]
  6. On the next screen, click on the State/Update box for Other Income.  [Screenshot #4]
  7. On the screen,Tell us about uncommon income for your [XX] work, enter the amount of interest.  [If you already have an entry in this box, just add the interest to it.]   [Screenshot #5]


**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post

1 Reply
IreneS
Intuit Alumni

I'm using TT Home and Business and need to enter a 1099-INT into my business income, not my personal income. How do I do this please?

You can enter the interest reported on a 1099-INT as Other Income for your business by following these steps:

  1. Click on the Business tab > Continue > I'll choose what to work on
  2. On the Let’s gather your business info screen, in the Business Income and Expenses section, click the Start/Update button.  [See Screenshot #1, attached.]
  3. If you have already started adding information about your business, you will see the Here's the business info we have so far screen.  Click on the Edit box next to the business.  [Screenshot #2]
  4. If you haven't already started adding business information, continue through the screens to enter the needed information.
  5. You will now be on the Your [business type] Business screen.  In the Business Income section, click on the Start/Update box.  [Screenshot #3]
  6. On the next screen, click on the State/Update box for Other Income.  [Screenshot #4]
  7. On the screen,Tell us about uncommon income for your [XX] work, enter the amount of interest.  [If you already have an entry in this box, just add the interest to it.]   [Screenshot #5]


**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post

Dynamic AdsDynamic Ads
Privacy Settings
v