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February 2, 2021
Question

Why cant i enter my interest from my bank

  • February 2, 2021
  • 1 reply
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1 reply

GloriaL
February 2, 2021

Here's how to enter a 1099-INT from your bank for interest earned:

  1. Open (continue) your return if it's not already open.
  2. Inside TurboTax, search for Interest Income and select the Jump to link in the search results.
  3. Answer Yes to Did you receive any interest income?
  4. On the following screen, select how you want to enter your 1099-INT (import or type it in yourself) and follow the on-screen instructions.

If you need to report interest paid on your mortgage from a 1098:

  1. Open or continue your return.
  2. Inside TurboTax, search for 1098 and select the Jump to link in the search results.
  3. Answer Yes to Did you pay any home loans in 2020?
  4. Type in the name of your mortgage lender.
  5. Follow the instructions to enter the rest of the information on your 1098 form.