How do I report interest income from a personal loan?

[MinhT1]

You'll report it as if you have received a form 1099-INT.

1. In TurboTax Online, open your return
2. Click on Search (magnifying glass icon) at the top right of your screen
3. In the Search box, enter form 1099-INT and click Enter
4. In the search result box, click on Jump to form 1099-INT
5. TurboTax will take you directly to the section where you can start entering your form 1099-INT.

[DoninGA · Accepted solution]

Enter the income on Form 1099-INT.  Enter a name in the box for Received from and the interest in box 1.  You may get error messages from TurboTax about a missing FEIN, those can be ignored since that is not needed when e-filing a tax return.

To report interest income received -

Click on Federal Taxes (Personal using Home & Business)
Click on Wages and Income (Personal Income using Home & Business)
Click on I'll choose what I work on
Investments and Savings
On Interest on 1099-INT, click on the start or update button

Online returns -

On the screen Did you have investment income in 2024? Click on Yes

On the screen Let's import your tax info, click on Enter a different way

On the screen OK, let's start with one investment type, click on Interest and Continue

On the screen How would you like to upload your 1099-INT? Click on Type it in myself