Skip to main content
Level 2
February 22, 2025
Solved

Interest payment from IRS

  • February 22, 2025
  • 2 replies
  • 27 views

IRS paid me interest last year, and i received a letter stating it is interest income. Will IRS send me the 1099int or should I just report this as an income in my return?

Best answer by VolvoGirl

They might send a 1099 but you don’t need it.   Enter interest from the IRS like a 1099Int and put the amount in box 1.  Enter it manually and just enter IRS for the payer.  Don't enter any other info like the address or a EIN.

 

Enter a 1099-Int  under

Federal on left

Wages & Income

Interest and Dividends

Interest on 1099INT - Click the Start or Revisit button

2 replies

VolvoGirl
VolvoGirlAnswer
Level 15
February 22, 2025

They might send a 1099 but you don’t need it.   Enter interest from the IRS like a 1099Int and put the amount in box 1.  Enter it manually and just enter IRS for the payer.  Don't enter any other info like the address or a EIN.

 

Enter a 1099-Int  under

Federal on left

Wages & Income

Interest and Dividends

Interest on 1099INT - Click the Start or Revisit button

Dflex CEOAuthor
Level 2
March 1, 2025

Thank yo so much for your answer. It is clear now.