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Level 2
June 1, 2019
Question

Where do I enter non-qualified interest?

  • June 1, 2019
  • 3 replies
  • 44 views

My consolidated 1099 shows non-qualified interest that is not reported to the IRS.  Should I be entering this amount on my tax return and, if so, where?

3 replies

Level 15
June 1, 2019

Enter the amount of interest as a Form 1099-INT.

Non-qualified interest is interest which is generally associated with an investment vehicle which is for some reason not qualified for a current tax deferral.




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diane1Author
Level 2
June 1, 2019
Thanks.  Does it need to be entered on the tax return and, if so, where?