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brickly11
January 26, 2023
Solved

I received a letter from the IRS. Stating the total Intrest Paid or Credit that I have from Form 1099-INT. Where do I report this in my taxes.

  • January 26, 2023
  • 1 reply
  • 0 views
The letter states my social security number, Payers Federal Identification number, and the total interest paid or credited for 2022. How do I report this on turbo tax
Best answer by MonikaK1

To enter your IRS interest form:

  1. Type 1099-int in the search box and click search.
  2. Click on Jump to 1099-int.
  3. On the landing screen, click on I'll type it in myself.
  4. Enter your IRS interest form and continue.
  5. Enter the Institution ( Internal Revenue Service ) Name.
  6. Enter your interest in Box 1 and any other information.

The IRS sends notices showing the amount of interest paid by them for the tax year ended just as banks and other institutions do.

 

For more information on interest income, see this article.

 

 

 

1 reply

M
MonikaK1Answer
January 26, 2023

To enter your IRS interest form:

  1. Type 1099-int in the search box and click search.
  2. Click on Jump to 1099-int.
  3. On the landing screen, click on I'll type it in myself.
  4. Enter your IRS interest form and continue.
  5. Enter the Institution ( Internal Revenue Service ) Name.
  6. Enter your interest in Box 1 and any other information.

The IRS sends notices showing the amount of interest paid by them for the tax year ended just as banks and other institutions do.

 

For more information on interest income, see this article.

 

 

 

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