Interest income

[praxisknight]

In 2023 had a brokerage account where I was earning IDA interest and this account merged with another brokerage.  I started to earn bank sweep interest with the new brokerage.  How do I report this interest on my taxes?

[DaveF1006]

Any interest earned will be reported like any other interest payment.

1. Go to federal
2. Wages and Income 
3. Investment Savings
4. Interest on 1099-INT
5. Now you can either combine the interest payments or list them separately by listing each brokerage individually. 
6. If it is a small amount, I would combine these by listing either one brokerage or another.  
7. If you list each brokerage separately, there is an option to add the second 1099 INT after the first one is complete.