This would be reported as Interest income on Form 1099-INT
To post this in TurboTax
If this is the first time entering investments
- Select Wages & Income
- Scroll to Investments and Savings1099-B, 1099-INT, 1099-DIV, Crypto Gain/Loss Report
- Did you have investment income in 2024? Yes
- A list of Financial Institutions will come up
- Five boxes will come up
- Select the 1099 you have - Continue
- How would you like to upload your 1099-INT?
- Scroll down. Select [Type it myself]
- post your 1099-INT
If you entered a 1099-INT previously
- Select Wages & Income
- Scroll to Investments and Savings1099-B, 1099-INT, 1099-DIV, Crypto Gain/Loss Report
- [Add/Edit]
- The screen will show previous entries
- Select a previously entered record or
- [+ Add investment]