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Jisepie
New Member

Where do I enter non-taxable interest income in my federal return with TurbTax?

I have non-taxable interest income from municipal bonds.  Where in TurboTax do I enter this interest?

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1 Best answer

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IreneS
Intuit Alumni

Where do I enter non-taxable interest income in my federal return with TurbTax?

To enter your non-taxable interest income from municipal bonds please follow these steps:

  1. Click on Federal > Wages & Income
  2. Scroll down to the Interest and Dividends section and click on the Start/Revisit box next to Interest on 1099-INT. 
  3. Answer Yes to Did you receive any interest income?
  4. On the next screen, click on I'll type it in myself.
  5. On the next screen, Let's get your 1099-INT or brokerage statement details, mark the box My form has info in more than just box 1 (this is uncommon).  
  6. Enter tax-exempt interest in Box 8.




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1 Reply
IreneS
Intuit Alumni

Where do I enter non-taxable interest income in my federal return with TurbTax?

To enter your non-taxable interest income from municipal bonds please follow these steps:

  1. Click on Federal > Wages & Income
  2. Scroll down to the Interest and Dividends section and click on the Start/Revisit box next to Interest on 1099-INT. 
  3. Answer Yes to Did you receive any interest income?
  4. On the next screen, click on I'll type it in myself.
  5. On the next screen, Let's get your 1099-INT or brokerage statement details, mark the box My form has info in more than just box 1 (this is uncommon).  
  6. Enter tax-exempt interest in Box 8.




**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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