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When attempting to insert interest income, Turbo Tax is directing me to investment section. It does not allow insertion interest income/dividend. How do I overcome this?

I have tried the "lead me through" or "do myself" both options bypass the interest income section.
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1 Reply
MonikaK1
Employee Tax Expert

When attempting to insert interest income, Turbo Tax is directing me to investment section. It does not allow insertion interest income/dividend. How do I overcome this?

In order to add an item of interest income, assuming you are using TurboTax Online:

 

  1. Go to Wages & Income
  2. Select Investments and Savings (1099-B, 1099-INT, 1099-DIV, 1099-K, Crypto) - there will be a button at the right labeled either Start or Add/Edit
  3. To add a Form 1099-INT for interest income, click Add Investments
  4. To enter manually instead of importing, click "Add a different way"
  5. Several types of investment income appear. Click on Interest and Continue
  6. Click the button, "Type it in myself" if you wish to enter it manually.

 

 In TurboTax Desktop:

 

  1. Open your return
  2. Click the Federal tab
  3. Click "I'll choose what I work on"
  4. Scroll down to Interest and Dividends
  5. Click Start or Update next to Interest on 1099-INT
  6. Click Add interest income
  7. Click the radio button next to I'll type it in myself
  8. Click Continue
  9. Follow the prompts and enter the information from your form

 

For more information on interest income, see this article.

 

 

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