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Level 3
posted Mar 28, 2022 2:45:26 PM

Why my Form 1099-INT from US Treasury is listed under just "interest"? Should not be shown under the "US Treasury Interest"?

On the letter from IRS has only

Statement showing interest income from the IRS, Calendar year(2021), Recipient's Number, and "Total Interest Paid or Credited" box where shows the amount.

After entering the name and the amount, it's shown under just "Interest". There is a section names "US Treasury Interest", and I think it should be shown here. How can I report it as US Treasury interest? or Is this fine as just "interest"?

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1 Best answer
Level 15
Mar 28, 2022 2:50:25 PM

It goes in box 1 as interest.  Not box 3.   IRS interest is like regular bank interest.  It is not Treasury interest on US bonds or investments.

2 Replies
Level 15
Mar 28, 2022 2:50:25 PM

It goes in box 1 as interest.  Not box 3.   IRS interest is like regular bank interest.  It is not Treasury interest on US bonds or investments.

Level 3
Mar 28, 2022 3:32:48 PM

Dear VolvoGirl,

Thank you so much for the information! Ok, then I will leave it as is. I appreciate your prompt help!!