☰
✕
Sign In

Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
Level 3
posted Apr 2, 2024 5:15:45 PM

If I have two accounts on same 1099-INT do I just fill one form?

I received a 1099-INT from my bank. I have two accounts (same bank) that have interest income both listed on the 1099-INT I got. At the bottom, they list them combined. Can I file one combined 1099-INT on my return or do I need to file two separate 1099-INT forms for each account?

0 2 4488
2 Replies
Expert Alumni
Apr 2, 2024 5:24:04 PM

You can combine the interest that is reported on both 1099-INTs since they are from the same bank.  To enter your 1099-INT, follow the steps below:

 

  1. Launch TurboTax
  2. Select Federal and Wages & Income
  3. Select Add more income
  4. Select the dropdown by Investments and Savings
  5. Select  Interest on 1099-INT and follow the prompts to enter the interest that you received.

 

Refer to the TurboTax Help article Filing Tax Form 1099-INT: Interest Income for more information.

 

 

Level 15
Apr 2, 2024 5:29:15 PM

Q.  Can I file one combined 1099-INT on my return or do I need to file two separate 1099-INT forms for each account?

A. It doesn't mater. Either way will work, as long as you report all the interest you were paid. The IRS does not try to match the interest you report to individual accounts.