Yes, the IRS requires taxpayers to report all interest income.
To enter interest income:
• Type in 1099-int the search box, top right of your screen, then click the magnifying glass
• Click the jump to 1099-int link in the search results
• Follow to prompts and online instructions
Arrive at the Let's get your 1099-INT or brokerage statement details page
Type in the source of your income in the Received from field
Enter the interest income in Box #1 Interest income field