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Level 3
posted Apr 14, 2024 5:41:31 AM

Interest reporting without 1099-INT

I have some bank account interest that I want to report but it wasn't enough to trigger a 1099-INT.

Where would I record that interest income in TurboTax? It only has a screen to enter 1099-INT interest.

0 2 3434
2 Replies
Employee Tax Expert
Apr 14, 2024 5:43:55 AM

Enter the amount of interest in the same section as if your received a 1099-INT. Enter the amount in Box 1. 

Level 3
Apr 14, 2024 6:04:46 AM

If you did not receive, and the institution did not create a 1099 then nothing to report. Note, in these cases institutions create informational 1099s which are not reported to the IRS. If you still want to be complete in your filing, then add the 1099 manually from the informational 1099.