As part of your business return in TurboTax Business the interest will be included on the business return. If you add it to the actual business income, then depending on the type of entity self employment tax might come into play if it's a partnership.
If not, then you can add it in either place you choose but I would recommend interest income, not business income.
In TurboTax Business, you are able to enter at Federal Taxes / Income / Your Income / Investment Income / Interest and dividend income.
yes but this should be filed under my business section is that correct?
As part of your business return in TurboTax Business the interest will be included on the business return. If you add it to the actual business income, then depending on the type of entity self employment tax might come into play if it's a partnership.
If not, then you can add it in either place you choose but I would recommend interest income, not business income.
i ha ve multi member llc , so i don't really have to file it in turbotax, but merely add in to my business revenue?
Yes, include interest income that is issued to the EIN of the business from the business account on the LLC return.
I got 1099-INT to my business's EIN. There's no section in Turbo business income section to add 1099-INT. The only section that can add 1099-INT is in personal income section and I cannot select my business as recipient. How do I add this business 1099-INT correctly?