Received and reported $3.77 interest from Credit Union. Turbotax wants an FEIN for the Credit Union. We don't have a FEIN because 1099-Int not required to be issued.

sdifiore-att-net · ‎February 28, 2021

HelenC12 · ‎March 1, 2021

When you have interest income of less than $10, your financial institution is not required to give you a 1099-int form. However, all income needs to be reported. In TurboTax, you would enter the $3.77 "as if" you received from 1099-int.

To enter:

As you're going through the interview, on the Let's import your tax info screen, select Change how I enter my form.
On the How do you want to add your 1099-INT? screen, select Type it in myself.
On the Let's get the info from your 1099-INT screen, enter the information. Note: there's no where on the screen where it asks for the FEIN.

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View solution in original post

HelenC12 · ‎March 1, 2021

When you have interest income of less than $10, your financial institution is not required to give you a 1099-int form. However, all income needs to be reported. In TurboTax, you would enter the $3.77 "as if" you received from 1099-int.

To enter:

As you're going through the interview, on the Let's import your tax info screen, select Change how I enter my form.
On the How do you want to add your 1099-INT? screen, select Type it in myself.
On the Let's get the info from your 1099-INT screen, enter the information. Note: there's no where on the screen where it asks for the FEIN.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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Received and reported $3.77 interest from Credit Union. Turbotax wants an FEIN for the Credit Union. We don't have a FEIN because 1099-Int not required to be issued.