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February 20, 2025
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Reporting Interest from a Church

  • February 20, 2025
  • 1 reply
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In Turbo Tax Home & Business where do I report the interest I received from money I loaned a church?  I did not receive an 1099-INT or 1098 from them (I believe they do not have to file or send any forms because they are tax exempt and a non-profit.)

Best answer by VolvoGirl

All you need to enter is the bank name or who paid you and put the amount in box 1.

 

Enter interest received like a 1099-Int under

Federal Taxes tab (Personal for Home & Business)

Wages & Income

Interest and Dividends

Interest on 1099INT - Click the Start or Update button

 

Put the interest amount in box 1

1 reply

VolvoGirl
VolvoGirlAnswer
Employee
February 20, 2025

All you need to enter is the bank name or who paid you and put the amount in box 1.

 

Enter interest received like a 1099-Int under

Federal Taxes tab (Personal for Home & Business)

Wages & Income

Interest and Dividends

Interest on 1099INT - Click the Start or Update button

 

Put the interest amount in box 1