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Report IRS interest from last year refund as taxable income

Hi

I got a tax refund from 2020 and I need to add that amount as interest taxable income on my 2021 tax return

 

When I add that through the 1099-INT, Do I input in the bank name (IRS - taxable income for 2020) and the amount?? anything else I should do?

 

Thank you

 

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2 Replies
ColeenD3
Expert Alumni

Report IRS interest from last year refund as taxable income

Yes, enter the interest exactly as if it was from a bank and include the name of the IRS.

Report IRS interest from last year refund as taxable income

actually, the payor is the Department of the Treasury. but the IRS knows many taxpayers say IRS.

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