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Tkord
New Member

T-Bill 1099's

I have 5 - 1099's issued by the US Treasury for T-Bills.  Questions:

1. Can I download these 1099's to Turbo Tax?

2.  If I enter manually, do I sum the interest proceeds from all 5 and enter just one time or must I enter each 1099 individually?

3. If I must enter each individually, how do I do it in Turbotax?  It's only allowing me to input one entry.

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1 Reply
LindaS5247
Employee Tax Expert

T-Bill 1099's

If your broker or financial institution is on our list of TurboTax Import Partners, you will be able to securely import them into TurboTax. You can click on the link at the bottom of this page to get additional information about importing your forms.

 

If you enter them manually, you should enter all of your 1099's individually.

 

To enter multiple Forms 1099 in Turbo Tax you will 

TurboTax Desktop:

  1. Open/continue your return
  2. Click on "Search
  3. And in the search bar type"1099-INT"
  4. Select "Jump to 1099-INT
  5. You will add your Form 1099 by clicking on "Add Investments"
  6. You will add each one by continuing to click on "Add Investments" and then enter the information and answer any follow-up screens.
  7. If you are manually entering your Form 1099 you will click on  "Skip Import"
  8. Then you will click on "Interest". There are five boxes. Select the Interest box, the box will turn green and show a checkmark.
  9. You will get a screen that says, "Let's get the info from your 1099-INT.
  10. There you will enter the info from your Form 1099.

TurboTax Online:

  1. Open/continue your return
  2. Click on magnifying glass for Search in the top right of your screen
  3. And in the search bar type"1099-INT"
  4. Select "Jump to 1099-INT"
  5. Click on "Add Investments" To add additional Forms 1099 enter your first one, follow these steps again and click on "Add Investment" to enter additional Forms 1099
  6. On the next screen click on "Enter a Different Way"
  7. You will Select your investment type which is "Interest", the box will turn green when you click on it
  8. Click on "Continue"
  9. Choose "Type it myself"
  10. Then you will see the screen "Let's get the info from your 1099-INT"
  11. You will type in the information from your Form 1099-INT on that page.

 

Your screens will look something like this:

 

 

 

 

 

Click here for additional instructions to import your 1099(s) into TurboTax.

 

Click here for additional information on entering your Form 1099-INT.

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