You can enter the interest reported on a 1099-INT as Other Income for your business by following these steps:
- Click on
the Business tab > Continue > I'll choose what to
work on
- 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.]
- 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]
- If you
haven't already started adding business information, continue through the
screens to enter the needed information.
- You will now be on
the Your [business type] Business
screen. In the Business Income section, click on the Start/Update box. [Screenshot #3]
- On the next screen, click on the State/Update box for Other Income. [Screenshot #4]
- 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]