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New Member
posted Jun 7, 2019 3:04:13 PM

I received a Form 1099-INT from IRS

Is says it is a statement showing interest income paid from the IRS, how do I enter this?

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1 Best answer
New Member
Jun 7, 2019 3:04:17 PM

Yes, it is Enter in the same place other Interest 1099-INT forms are entered.

Enter your interest in Box 1
- You enter your 1099-INT Form Interest in the Wages & Income area.
- Click on the Federal Taxes (Personal, in Home & Business product)
- Click on Wages & Income  (Personal Income, in Home & Business product)
- Click on [I'll Explore on my own] OR (I’ll choose what I work on) if it's showing
- Go down the Screen to (Interest and Dividends)  Online you may have to Click on (Show more)
- Then Under the above is (Interest on 1099-INT) Click on Start, Update, or Edit

Then just Enter the Institution (Received From) Name
Enter your interest in Box 1


24 Replies
New Member
Jun 7, 2019 3:04:14 PM

What is the 1099-INT IRS form for? I never received this amount.

New Member
Jun 7, 2019 3:04:16 PM

Yes I want to know why I received this as well

New Member
Jun 7, 2019 3:04:17 PM

Yes, it is Enter in the same place other Interest 1099-INT forms are entered.

Enter your interest in Box 1
- You enter your 1099-INT Form Interest in the Wages & Income area.
- Click on the Federal Taxes (Personal, in Home & Business product)
- Click on Wages & Income  (Personal Income, in Home & Business product)
- Click on [I'll Explore on my own] OR (I’ll choose what I work on) if it's showing
- Go down the Screen to (Interest and Dividends)  Online you may have to Click on (Show more)
- Then Under the above is (Interest on 1099-INT) Click on Start, Update, or Edit

Then just Enter the Institution (Received From) Name
Enter your interest in Box 1


New Member
Jun 7, 2019 3:04:19 PM

What is the 1099-INT IRS form for? I never received this amount. Why did I get this form?

Level 15
Jun 7, 2019 3:04:20 PM

On reason, If you did an amended return and had a refund the IRS would pay you interest on it. It would be included  on the check from the IRS.  It would not be a separate check.  I amended 3 years of returns in 2017 and each refund had interest on it I had to enter on my tax return.

Level 15
Jun 7, 2019 3:04:23 PM

Enter interest from the IRS like a 1099Int and put the amount in box 1.  
Enter a 1099-Int  under
Federal Taxes tab
Wages & Income
Choose Jump to Full List -or  I'll choose what I work on
Interest and Dividends
Interest on 1099INT - Click the Start or Update button

Put the interest amount in box 1

New Member
Feb 15, 2020 1:30:30 PM

That may explain it as I entered amended returns on the advice of TurboTax for two different years last year and received additional money back. This may explain why I received this 1099-INT from the IRS.

Returning Member
Jan 21, 2021 7:36:28 AM

I received this form yet I paid taxes in 2020 for 2019. Why would I get a 1099-R?

Expert Alumni
Jan 21, 2021 3:37:35 PM

Yes, the IRS is issuing 1099-INT for interest paid on refunds due to the longer than usual tax filing season in 2019 when the IRS postponed the tax deadline to July 15. See the first paragraph of this for more information. IRS interest from 2019 1099-INT  You said that you paid taxes in 2020 for the Tax Year 2019. If you received a refund for that tax year, this form would report the amount that would of interest that you would receive for the additional three months of tax season. If you had to pay for the 2019 Tax Year, this interest payment would be for an earlier year.

 

The IRS does not issue a 1099-R.

New Member
Feb 2, 2021 2:41:03 PM

But I don't see the amount in my bank, and never received a cheque. 

Expert Alumni
Feb 2, 2021 3:02:28 PM

How much was reported on the 1099-INT?

Returning Member
Feb 2, 2021 8:19:08 PM

$225, and I never received this amount, but it definitely came on a 1099-INT

New Member
Feb 3, 2021 4:50:05 AM

$41

Expert Alumni
Feb 3, 2021 5:49:06 AM

The amount of interest reported would have been included with your refund when you received it.  You would not have received this as a separate payment.

 

Taxpayers who received a federal tax refund in 2020 may have been paid interest. Refund interest payments are taxable and must be reported on federal income tax returns. In January 2021, the IRS will send Form 1099-INT to anyone who received interest totaling $10 or more.

 

 

Level 3
Feb 3, 2021 4:09:30 PM

Do you put Irs or 1099INT?  Before you enter line 1? I haven't filed for years on SSDI? Another thing I am going to have to amend?

Level 15
Feb 3, 2021 4:15:57 PM

@emilar59   Did the IRS pay you interest for something?

 

Enter interest from the IRS like a 1099Int and put the amount in box 1.

Enter a 1099-Int  under

Federal on left

Wages & Income at top

Interest and Dividends

Interest on 1099INT - Click the Start or Revisit button

 

For the Payer or Description put in IRS or US Treasury Dept.

Level 3
Feb 4, 2021 1:11:43 PM

Yes i did receive one from the irs, but it was on a old refund back when i was married to my ex husband. We divorced in 2007 and he has been dead for 3. I knew i couldn't cash it with his name on it, so i signed the no longer alive thing and sent it back. I guess they didn't get the memo. The check was for 350 and the interest was for 55. Wow, seems my ex is still messing with me. Any way, I already filed. I guess they will reject it to get that $55 off the books.

Level 3
Feb 4, 2021 1:13:36 PM

But it is an easy fix.

Level 3
Feb 5, 2021 4:36:30 PM

Are they going to reject it for $55. I have only AGI of $300 being on Social security. Good lord, I am going to have to keep paying them for money I never got in the first place. Does that take my AGI up to 355. I only had the 300 because I claimed the charitable deduction.

Employee Tax Expert
Feb 6, 2021 8:59:13 AM

If your Adjusted Gross Income is only $355, you may not have a filing requirement based upon your filing status.

 

Threshold to file a federal income tax return

 

Since you already filed, if the taxing agencies have any sort of adjustment, you potentially could get a notice letting you know the taxing authorities made an adjustment to your tax return.

 

If your return is not accepted in electronic filing, you can make any corrections and try filing again if you determine you do have a filing requirement.

Level 3
Feb 6, 2021 11:18:03 AM

I only filed because I wanted to get stimulus. My daughter claimed me last year but she's practically in the same boat this year..I can only hope this 3rd one will include me. If it dors will they take it off that.

Level 10
Feb 6, 2021 11:33:07 AM

Under Income find Interest and Dividends - 1099-INT, 1099-DIV, 1099-OID

Then click Start or Revisit to the Right of 1099-INT

You will not be able to get the form automatically and will select Type It Myself.

New Member
Feb 9, 2021 10:55:18 AM

  • Has your problem been solved? Info would be great, thanks in advance! I am having the same issue. I only received a "statement" from irs! I called both my banks and no 1099-INT being sent because interest paid to me was less than $10 for year 2020. How am I suppose to add without an actual 1099-INT form?

Expert Alumni
Feb 9, 2021 11:12:14 AM

Follow these instructions from earlier in the thread from @VolvoGirl:

 

  1. Enter interest from the IRS like a 1099Int and put the amount in box 1.
  2. Enter a 1099-Int  under
  3. Federal on left
  4. Wages & Income at top
  5. Interest and Dividends
  6. Interest on 1099INT - Click the Start or Revisit button

 

For the Payer or Description put in IRS or US Treasury Dept.