Interest paid from IRS

Forum|Forum|5 years ago
May 1, 2021
2 replies
18 views

I received some interests paid from IRS. Where to report it in turbo tax, 1099-INT or Other Income? It’s a letter from IRS showing the interest income amount, not a 1099-INT form though.

Thanks!

LenaH

Alumni - Expert

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 and should do so via the 1099-INT screen.

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

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

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