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February 17, 2021
Question

How do I enter bank interest?

  • February 17, 2021
  • 1 reply
  • 0 views
Turbotax isn't accepting what I'm typing in for bank interest

1 reply

RayW7
February 17, 2021

Usually the bank will send you a Form 1099-INT that lists how much interest was earned for the tax year. Whether or not you have received the form, you can enter interest income into TurboTax online by:

  • Logging into your TurboTax online account:
  • Click Take me to my return
  • In the upper right hand corner search box, Type 1099-INT; Click the Jump to 1099-INT link that appears in your search results.
  • Click Yes when asked if you received any interest income.
  • Choose your bank or brokerage from the list to import your 1099-INT and click/tap Continue or manually enter your 1099-INT  by clicking I'll type it in myself and click Continue.
  • Follow the on screen instructions to enter your 1099-INT.