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sfbaldwin
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Interest Income on a Loan to a Child

My child paid me interest income on a loan.  It is above $600 but he did not provide me a 1099.  I can't find in turbo tax where to report this.  Schedule B input seems to imply only include interest income with a 1099.   Should I report the income on Schedule B or on Schedule 1 in Part I line 1z other income?

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Interest Income on a Loan to a Child

You report the interest received using Form 1099-INT even if you did not receive a 1099-INT.  

 

On the TurboTax Form 1099-INT in the Received from box enter the name of the person paying you the interest.  In Box 1 enter the amount of interest received.

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