I received a Form 1099-INT from IRS

[AS3]

Should we be expecting a 1099 INT for CA state refunds as well? Or interest on refunds if just a Federal Tax thing?

[VolvoGirl]

You should get a 1099G for a state refund.  It may be taxable on your federal return.  Did California pay you any interest on it?   Then you might get a 1099INT if you received interest.

[AS3]

I did receive a 1099-G listing the refund amount I got from CA. I did not receive any interest or 1099-INT from CA's refund.

My question was why? Why did i receive interest on federal tax refund, but not on the state tax refund?

thanks

[VolvoGirl]

You would have to ask the state.  But the states paid the refunds faster last year than the IRS.  The IRS took a long time to process returns and send the refunds.  You probably got your CA refund before federal?  

[fsandy17]

i received a notice from IRS about interest received on my tax refund.  It is not on a 1099 or any similar form.  How do I enter it in TurboTax

[VolvoGirl]

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

Don't enter a bank or broker name and don't try to import it.  At the bottom pick -  Change How I enter my Form

Then on the next screen pick I'll Type it in Myself

Put the interest amount in box 1

[Cornel34]

OK

[VolvoGirl]

Interest from the IRS on refunds do not go in box 3 but box 1 as regular interest.  As you noted box 3 is for savings bonds and treasury bond interest not plain interest.

[claywell]

What can I do if IRS did not send my 1099-INT, and I know I was paid interest last year? It is on my transcript. Thanks!

[ajhg8]

i lost this form so how can i get a new one or find the FEIN for the IRS??

i have the information for box 1 but need to figure out the FEIN of the IRS and box 3 info.

[VolvoGirl]

You don't need to enter all that info.  Just enter IRS interest and put the amount in box 1.  The amount goes in box 1 not box 3.

[cburnett4k]

TurboTax is requiring a “payer address”, but there is no payer address on the form I received. It only shows the city, state and zip code. What do I put for the rest of the address? 

[VolvoGirl]

Can you clear out the city and state?  Don't have anything for address.  Then it won't need the street.

[cburnett4k]

No. It won’t let me. It auto filled the city, etc. 

[cburnett4k]

Thank you. I deleted the form that auto filled and added one that I filled in myself with the info you said. All clear. Thanks so much!