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New Member
posted Jun 5, 2019 11:41:48 AM

Where do I report interest income under $10 with no 1099?

I did not receive a 1099 because interest was under $10. I do not know where to report that

0 15 46421
15 Replies
New Member
Jun 5, 2019 11:41:50 AM

You enter it as if you had received a 1099-INT.

  • Click the Federal Taxes tab. ( Select the Personal Tab and Personal Income when using self employed Home and Business)
  • Click Wages & Income.
  • Click "I'll choose what I work on."
  • Scroll down to the "Interest and Dividends" section.
  • Click the Start or Update button for "Interest on 1099-INT."
Or use our jump feature:
https://ttlc.intuit.com/replies/3300478


Level 1
Jan 19, 2020 8:23:25 AM

Wrong answer.  Software finds errors if you don't enter Federal Identification Number (FEIN) which you don't have if you didn't receive a 1099-INT.  Why can't this simple thing be built into the software?

Employee Tax Expert
Jan 20, 2020 11:16:12 AM

You do need to report your Interest Income.

 

If you did not receive a 1099-INT for Interest income, it is because the amount reportable was under $10 and the institution was not required to issue a 1099-INT Form. 

 

You will enter your Interest income (which you should be able to find on your last statement of the year from your institution) as follows:

  1. Select "Wages & Income" under the Federal Tab
  2. Select "Interest on 1099-INT"
  3. Select "Add another 1099-INT"
  4. Proceed to enter in the applicable information.

 

 You do not have to have a Federal Identification Number (FEIN) to report your interest income.

New Member
Feb 1, 2020 10:22:27 AM

having same problem did you find a answer ????

Level 1
Feb 1, 2020 6:31:21 PM

I searched for my bank's FEIN and used that.  I don't know what I did wrong because it wouldn't let mine go through without the FEIN. It kept flagging it as an error.

Expert Alumni
Feb 2, 2020 11:28:01 AM

See this help and this help.  To enter interest income, do the following:

 

Click on Federal.

Click on Wages & Income.

Under Your Income, choose Interest and Dividends.

Choose Interest on 1099-INT.

New Member
Mar 6, 2020 4:42:54 PM

None of the answers on TurboTax address the issue that TT wants information from a 1099-int to complete the process. Asking "enter the amount from box 1" when we don't have a 1099 in the first place isn't helpful. How do we enter interest income that doesn't have a 1099 or EIN???

Expert Alumni
Mar 6, 2020 4:55:37 PM

You can enter it as other income. 

Click Federal

Click Wages and Income

Scroll to the bottom and click Show more under “Less Common Income”

(you may need to answer Yes/No questions and/or click “All income” first)

Scroll to the bottom “Miscellaneous Income, 1099-A, 1099-C" and click Start

Scroll to the last choice “Other reportable income” and click Start

Enter    “Earned Income"   as the description and the amount and Continue

Click Done on the next page

This puts the income on Schedule 1 line 8 and flows to your 1040 line 7a

New Member
Feb 21, 2022 1:45:44 PM

So for example, Robinhood sent me my 1099 but the amount I reported on is 9.64. I shouldn't have to disclose that form then. Sounds to me this just a way of getting people to pay 80 dollars for Premier when you could potentially file for free...

Expert Alumni
Feb 21, 2022 2:04:28 PM

Trading through Robinhood is Capital Gains (or loss) not interest. 

 

New Member
Mar 1, 2022 11:58:17 AM

Thank you so much I appreciate this. It helped me so much I used this information to file my taxes.  

New Member
Feb 24, 2023 11:29:28 AM

How do I report a bank that did not provide me a 1099?  I received over 10$ in interest but never received a 1099 and they claim I will not ever get one.  

Expert Alumni
Feb 24, 2023 11:41:37 AM

You can report the income the same way as if you received a 1099-INT.

To enter the interest income please follow the steps listed in the link: Where do I enter Form 1099-INT?

 

New Member
Feb 24, 2023 12:23:46 PM

I would like to know where to report a business that didn't provide a 1099 even though they were legally required.  

Expert Alumni
Feb 24, 2023 12:34:22 PM

If you have not received an expected Form 1099 by a few days after January 31st, contact the payer. If you still do not get the form by February 15, you may call the IRS for help at 1-800- 829-1040. In some cases, you may obtain the information that would be on the 1099 from other sources.