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What if I didn't get a 1099 int from my bank?

Someone advised to just enter the information in the 1099-INT section, just be adding the amount and then adding the bank name. Unfortunately, TurboTax won't allow the return to be summitted without also entering the EIN of the bank. So, that doesn't work! You'd have to contact your bank and ask them for the EIN (since banks can have many EINs and you'd have to get the correct one). Am I wrong about this? If so, please post here.

DianeW777
Expert Alumni

What if I didn't get a 1099 int from my bank?

An EIN is not required when entering bank interest earned on your accounts or Form 1099-INT.  In the online version there is not an entry slot for it, and it is the same in the desktop version.

 

A suggestion is to delete your entry, then completing that section by continuing until you reach the Wages and Income page, then re-enter this interest amount. This way if it comes from an import you should be able to eliminate this experience.

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What if I didn't get a 1099 int from my bank?

Yes there certainly is a slot for an EIN number on mine.  I googled it for my bank and found it, I emailed my bank and they wouldn't give it to me, they said you'll get it in the mail if you get a 1099-INT. Well it was just under $10 so I didn't get one. Like it's some big secret sheesh.

Msblue05
New Member

What if I didn't get a 1099 int from my bank?

What do I put in because it's asking for the bank federal id#

ToddL99
Expert Alumni

What if I didn't get a 1099 int from my bank?

If you did not receive a 1099-INT (or the Payer's EIN wasn't listed), you can report the interest income as "Other Reportable Income". 

 

The tax calculation will be the same, you  will be able to e-file and it won't create an error with the IRS.

 

 

You can make entries on Line 8, using the Other Reportable Income interview. 

  • Type "other reportable income" in the search window (or in the Search Topic window for desktop versions) 

  • Click on "jump to other reportable income  (or "other reportable income" in the Search Topic results) 

  • Answer "No" to "Did you receive any other wages?" 

  • Select "Other reportable income" from the Miscellaneous income list 

  • Select Add another Income item  on the Other Miscellaneous Income Summary screen 

  • Enter a Description (Interest Income) and amount,  then click on Continue 

A corresponding amount will be entered on line 8 of Schedule 1 and Form 1040, along with the description of "Interest Income"

 

 

frankdunn
New Member

What if I didn't get a 1099 int from my bank?

Yes they will

RC2005
New Member

What if I didn't get a 1099 int from my bank?

I had the same issue where Turbotax was indicating that a FEIN was missing for the 1099-INT because I did not receive a 1099-INT since the interest income was under $10.

 

I reported the interest income using a 1099-MISC which only requires the payers name and the amount.

DaveF1006
Expert Alumni

What if I didn't get a 1099 int from my bank?

That seems to work as an alternate approach.  You could also report it as other income and then identify it as interest income. This would be perfectly acceptable also.

 

  1. Log into your account
  2. Select Wages and income>other income
  3. Miscellaneous Income, 1099-A, 1099>start
  4. Scroll to the bottom of the page to Other Reportable Income
  5. Other taxable income, answer yes
  6. Then give a brief description of the income and the amount.  Here you would say interest income and then list the amount.

@RC2005 

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What if I didn't get a 1099 int from my bank?

I am looking for the Federal Tax ID for Fifth Third Bank. Same reason. No 1099-INT was generated by the bank because my interest was less than $10.

SusanY1
Expert Alumni

What if I didn't get a 1099 int from my bank?

Fifth Third Bank is 31-0676865 
@slimshady667 

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