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I received a W-2 and posted it successfully. I received a 1099-INT on Chime app because it stated if a total of $10 or more in interest or bonuses for account opening

or increasing your balance you'll receive this form. Do I enter it into turbo tax or just leave it be?
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I received a W-2 and posted it successfully. I received a 1099-INT on Chime app because it stated if a total of $10 or more in interest or bonuses for account opening

You would need to claim the 1099-INT form on your 2022 tax return.  If you already filed your return and it has been accepted, you would need to amend your return.

 

The amended return will not be finalized until 2/16/23 (subject to change).  If your return has been accepted and fully processed you can amend your return. Do not make any changes to your original return until you go through the amendment interview.

 

 
If you used TurboTax Online, simply log in to your account and select “Amend a return that was filed and accepted.” If you used our CD/download product, sign back into your return and select “Amend a filed return.” You must file a separate Form 1040-X for each tax return you are amending.
 

Where do I enter Form 1099-INT?

 

Form 1099-INT reports interest from banks, brokerages, and other financial institutions. Here's how to enter a 1099-INT:

  1. Sign in to your TurboTax account and open or continue your return
  2. Select Federal from the menu, then Wages & Income (this is called Income & Expenses in TurboTax Self-Employed)
  3. Locate the section titled Investments & Savings and select Show More, then select Start or Revisitnext to Interest on 1099-INT
  4. Select Yes on the screen Did you receive any investment income? then Continue
    • If you see the screen Your investments & savings or Here's your 1099-INT info, select Add investments or Add another 1099-INT, then Continue
  5. On the next screen, select how you want to enter your Form 1099-INT:
    • If you want to import your form, search for your brokerage or financial institution. Sign in to your online account and select Get my form
    • If you want to upload a copy of your form or manually enter the info, select Enter a different way, and follow the instructions to enter your 1099-INT
  6. On the screen Do any of these uncommon situations apply? check the boxes according to your situation and Continue

https://ttlc.intuit.com/turbotax-support/en-us/help-article/import-export-data-files/enter-form-1099...

 

 

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2 Replies

I received a W-2 and posted it successfully. I received a 1099-INT on Chime app because it stated if a total of $10 or more in interest or bonuses for account opening

You would need to claim the 1099-INT form on your 2022 tax return.  If you already filed your return and it has been accepted, you would need to amend your return.

 

The amended return will not be finalized until 2/16/23 (subject to change).  If your return has been accepted and fully processed you can amend your return. Do not make any changes to your original return until you go through the amendment interview.

 

 
If you used TurboTax Online, simply log in to your account and select “Amend a return that was filed and accepted.” If you used our CD/download product, sign back into your return and select “Amend a filed return.” You must file a separate Form 1040-X for each tax return you are amending.
 

Where do I enter Form 1099-INT?

 

Form 1099-INT reports interest from banks, brokerages, and other financial institutions. Here's how to enter a 1099-INT:

  1. Sign in to your TurboTax account and open or continue your return
  2. Select Federal from the menu, then Wages & Income (this is called Income & Expenses in TurboTax Self-Employed)
  3. Locate the section titled Investments & Savings and select Show More, then select Start or Revisitnext to Interest on 1099-INT
  4. Select Yes on the screen Did you receive any investment income? then Continue
    • If you see the screen Your investments & savings or Here's your 1099-INT info, select Add investments or Add another 1099-INT, then Continue
  5. On the next screen, select how you want to enter your Form 1099-INT:
    • If you want to import your form, search for your brokerage or financial institution. Sign in to your online account and select Get my form
    • If you want to upload a copy of your form or manually enter the info, select Enter a different way, and follow the instructions to enter your 1099-INT
  6. On the screen Do any of these uncommon situations apply? check the boxes according to your situation and Continue

https://ttlc.intuit.com/turbotax-support/en-us/help-article/import-export-data-files/enter-form-1099...

 

 

HelenC12
Expert Alumni

I received a W-2 and posted it successfully. I received a 1099-INT on Chime app because it stated if a total of $10 or more in interest or bonuses for account opening

The IRS requires you report the interest earned on your Chime account. If you haven't e-filed your income tax return(s), enter the 1099-INT as follows:
 

  1. Sign in to your TurboTax account and open or continue your return
  2. Select Federal from the menu, then Wages & Income (this is called Income & Expenses in TurboTax Self-Employed)
  3. Locate the section titled Investments & Savings and select Show More, then select Start or Revisit next to Interest on 1099-INT
  4. Select Yes on the screen Did you receive any investment income? then Continue
    1. If you see the screen Your investments & savings or Here's your 1099-INT info, select Add investments or Add another 1099-INT, then Continue
  5. On the next screen, select how you want to enter your Form 1099-INT:
    1. If you want to import your form, search for your brokerage or financial institution. Sign in to your online account and select Get my form
    2. If you want to upload a copy of your form or manually enter the info, select Enter a different way, and follow the instructions to enter your 1099-INT
  6. On the screen Do any of these uncommon situations apply? check the boxes according to your situation and Continue 

If you have filed your income tax return and it has been accepted by the IRS, please see Do I need to amend?

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