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New Member
posted Jun 6, 2019 3:37:48 AM

Where do you report interest income from a personal loan with no 1099int form? Should it go in the interest and dividends or in the other common income area as 1099-misc?

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2 Replies
New Member
Jun 6, 2019 3:37:50 AM

You would report this interest income exactly as if it was reported to you on a Form 1099-INT, in the Interest on 1099-INT interview of Personal > Personal Income >  Interest and Dividends.

Level 1
Apr 4, 2020 5:22:50 AM

I believe in the case of a 1099-INT from a PRIVATE PARTY or if the 1099-INT DOES NOT EXIST then you may have to IGNORE the TurboTax Mis-guidance in the question "Do you have any interest from ANOTHER BANK OR BROKERAGE?"  (if/when that question comes up. YMMV. )

 

I think you say YES here even though it is NOT from a "bank or brokerage".

Plenty of other places interest might come from, TT!!