Skip to main content
March 10, 2023
Solved

Received a letter from IRS for interest $16.52 where enter in your Wages and Income section.

  • March 10, 2023
  • 2 replies
  • 0 views
No 1099-INT form.
Best answer by rjs

Enter the interest from the IRS as if you did get a 1099-INT. For the payer's name enter IRS or US Treasury, and enter the amount.

 

2 replies

rjs
rjsAnswer
Employee
March 10, 2023

Enter the interest from the IRS as if you did get a 1099-INT. For the payer's name enter IRS or US Treasury, and enter the amount.

 

LindaS5247
March 10, 2023

 

To enter your interest with no Form 1099-INTin TurboTax Online:

 

  1. Open or continue your return
  2. Search 1099-INT or 1099INT (lowercase also works)
  3. Select the Jump to link
  4. Answer Yes to Did you have any interest income?
    • If you see Your investments and savings, select Add investments or select Edit next to the correct 1099-INT
  5. On the Get ready to be impressed screen, select Continue
  6. Select Enter a different way
  7. Select Interest 1099-INT and Continue
  8. Select Type it in myself
  9. On the next screen, input the required information and select Continue
  10. At Do any of these uncommon situations apply?, select the appropriate answer and Continue

To enter your interest with no Form 1099_INT in TurboTax Desktop/CD Version:

 

  1. Open or continue your return
  2. Select Federal Taxes, then Wages & Income
  3. Select I'll choose what I work on
  4. Next to Interest on 1099-INT, select Start
  5. Answer Yes to Did you receive any interest income?
    1. If you see Here's the interest we have so far, select Add interest income or select Edit next to the correct 1099-INT
  6. Select I'll type it in myself and Continue
  7. On the next screen, input the required information and select Continue
  8. At Tell us if any of these uncommon situations apply, select the appropriate answer and Continue


You would use Internal Revenue Service as the Payee. Your interest on your refund is ordinary income. Put the amount in box 1.


 

 

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"