turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Attend our Ask the Experts event about Tax Law Changes & Forms (2024) on Mar 19! >> RSVP NOW!
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

interest on a savings account

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
MonikaK1
Employee Tax Expert

interest on a savings account

You will add interest income in the Investments section of Wages and Income.

 

It is fast and easy to enter a Form 1099-INT manually. In TurboTax Desktop:

 

  1. Open your return
  2. Click the Federal tab
  3. Click "I'll choose what I work on"
  4. Scroll down to Interest and Dividends
  5. Click Start or Update next to Interest on 1099-INT
  6. Click Add interest income
  7. Click the radio button next to I'll type it in myself
  8. Click Continue
  9. Follow the prompts and enter the information from your form

 

In order to add an item of interest income, using TurboTax Online:

 

  1. Go to Wages & Income
  2. Select Investments and Savings (1099-B, 1099-INT, 1099-DIV, 1099-K, Crypto) - there will be a button at the right labeled either Start or Add/Edit
  3. To add a Form 1099-INT for interest income, click Add Investments
  4. To enter manually instead of importing, click "Add a different way"
  5. Several types of investment income appear. Click on Interest and Continue
  6. Click the button, "Type it in myself" if you wish to enter it manually.

 

For more information on interest income, see this article.

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question