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New Member
posted Mar 15, 2020 8:01:22 AM

What form do I use to report a 1099-INT for an insurance policy for a loved one who passed? it's only for $3000.00 so the tax is minimal.

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1 Replies
Expert Alumni
Mar 15, 2020 8:20:33 AM

Are you saying that you received a 1099-INT as interest on inherited money? If so, follow these steps:

 

Form 1099-INT reports interest from banks, brokerages, and other financial institutions. Here's how to enter a 1099-INT:

  1. Open (continue) your return if it's not already open.
  2. Inside TurboTax, search for 1099-INT or 1099INT (lower-case also works) and then select the "Jump to" link in the search results.
  3. Answer Yes to Did you receive any interest income?