I received a letter from IRS stating that I had taxable interest paid to me by the Internal Revenue Service in 2024 in the amount of $17.00. There is no form number. I tentatively entered the amount in form 1040, column 1H "Other Earned Income." Would this be correct?
It’s both. Interest is income.
Enter interest from the IRS like a 1099Int and put the amount in box 1. Enter it manually and just enter IRS for the payer. Don't enter any other info like the address or a EIN.
Enter a 1099-Int under
Federal on left
Wages & Income
Interest and Dividends
Interest on 1099INT - Click the Start or Revisit button
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