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What do I enter for small savings account intrest with no 1099 received for FEIN ?

With small amounts of intrest banks donot send out 1099s. how do you enter these?
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2 Replies
Carl
Level 15

What do I enter for small savings account intrest with no 1099 received for FEIN ?

Just enter it "as if" you did receive a 1099-INT. Note that when entering it, you're only asked for the name of the institution that paid it, and not any FEIN number of that institution or anything.

 

What do I enter for small savings account intrest with no 1099 received for FEIN ?

As Carl notes above, you'll simply go through the same path as if you were entering your information with a Form 1099-INTand all its relevant information, entering any information you have.

 

To enter interest without a Form 1099-INT in TurboTax Online:

 

  1. Open TurboTax Online
  2. Select Tax Home in the left pane
  3. On the Hi, let's keep working on your taxes! screen, select the dropdown to the right of Income & Expenses
  4. Select Let’s get started, Pick up where you left off, or Review/Edit
  5. Scroll down and select the Show more dropdown to the right of Investments and Savings (1099-B, 1099-INT, 1099-DIV, 1099-K, Crypto)
  6. Select Start or Revisit to the right of Interest on 1099-INT
  7. On the Your investments and savings screen, select Add investments
  8. On the Let's import your tax info screen, select Enter a different way
  9. On the OK, let's start with one investment type screen, select Interest, then Continue
  10. On the How would you like to upload your 1099-INT? screen, select Type it in myself
  11. Type in all available information 

See the TurboTax Help article What if I didn't get a 1099-INT from my bank? for an alternate entry procedure.

@rickrichards1

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