I received a Form 1099-INT from IRS

[emilar59]

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?

[VolvoGirl]

@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.

[emilar59]

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.

[emilar59]

But it is an easy fix.

[emilar59]

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.

[JotikaT2]

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.

[emilar59]

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.

[MaryM428]

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.

[Lehua]

• 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?

[JeffreyR77]

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.

[martyandapril]

I never received a 1099-INT from the IRS for interest earned however, I do have the amount deposited from my bank.  When entering the info what is the payer FEIN?  

[VolvoGirl]

You don't need to enter a EIN.  Just enter something like US Treasury and put the amount in box 1.  Do not 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

[LenaH]

The IRS will only send you a 2020 1099-INT if you were paid more than $10 in interest. However, you are required to report all interest received during the year. Since you did not receive a 1099-INT, you can enter the payer information and interest income in box 1 and the screen should not require you to enter a federal identification number. 

You can follow these steps in TurboTax to enter interest received:

1. Open your tax return in TurboTax.
2. Search for 1099-INT with the magnifying glass tool on the top of the page.
3. Select the Jump to 1099-INT in the search results to go directly to the section to report your interest income.

@martyandapril

[Hamptm2522]

Can anyone give me the EIN on this form. I have tax interest but don't have the form and turbotax won't let me finish filing without it. When I ask for help they seem clueless.

[VolvoGirl]

You shouldn't need to enter an EIN.  Just the name like US Treasury or IRS 

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