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How do I report interest income from a personal loan?
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Enter the income on Form 1099-INT. Enter a name in the box for Received from and the interest in box 1. You may get error messages from TurboTax about a missing FEIN, those can be ignored since that is not needed when e-filing a tax return.
To report interest income received -
Click on Federal Taxes (Personal using Home & Business)
Click on Wages and Income (Personal Income using Home & Business)
Click on I'll choose what I work on
Investments and Savings
On Interest on 1099-INT, click on the start or update button
Online returns -
On the screen Did you have investment income in 2024? Click on Yes
On the screen Let's import your tax info, click on Enter a different way
On the screen OK, let's start with one investment type, click on Interest and Continue
On the screen How would you like to upload your 1099-INT? Click on Type it in myself
Enter your E-mail address. We'll send you an e-mail with instructions to reset your password.
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