Where to enter interest paid by the IRS. I

[tooleyet]

As suggested to another poster's question, I've tried going to Interest under Personal Income but I can't add it there unless it comes from a financial institution.  The interest is substantial so I really need to get it in.

[MinhT1]

You can enter this interest as if you had received a form 1099-INT from a bank.

In TurboTax Online, you can enter your form 1099-INT by following these steps:

1. Open your tax return
2. Click on Federal in the left-hand column, then on Wages & Income
3.  Navigate to the list Income categories
4. Locate the section Investment and Savings and click on the arrow on the right
5. Click Start next to Interest on 1099-INT
6. Choose to Type it in yourself

[Bsch4477]

For the institution use IRS and report the interest. No need for EIN or other input. 

[VolvoGirl]

I have the Home & Business version too.  Yes click on the Interest Box.  Then just enter IRS for the payer and put the amount in box 1.  You shouldn't need a EIN or anything else.

[tooleyet]

Volvo Girl, I can't get to the page you are showing.  When I click on Interest, it just takes me to a page to import from a financial institution.

[VolvoGirl · Accepted solution]

Some other steps for the Desktop program.    If you get a list of all your Interest and Dividends go to the bottom and click on + Add Investments
Then you get an import screen, go to the bottom and click on Skip Import
Then you get a screen with 5 boxes, pick Interest and Continue
Just enter IRS for the payer and put the amount in box 1 like my screenshot above

[VolvoGirl]

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@tooleyet wrote:

Volvo Girl, I can't get to the page you are showing.  When I click on Interest, it just takes me to a page to import from a financial institution.

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I didn't see your post when I posted.  On the import screen Scroll down to the bottom and pick Skip Import.  It is off the screen so you have to scroll down.  

[Mike9241]

1099-int. if TurboTax bugs you for an EIN try a dummy number like 36-7654321. it's not transmitted. 

[VolvoGirl · Accepted solution]

Made you a screen shot

[tooleyet]

OK, I figured it out.  I had to go to the Interest tab, Skip the Import then I could select add a 1099-INT there.  Not the easiest to figure out.