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February 14, 2025
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I got a statement from the IRS for interest income. Where do I add that into my income

  • February 14, 2025
  • 2 replies
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    Best answer by VolvoGirl

    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

     

    Don't enter a bank or broker name and don't try to import it.  At the bottom pick -  Change How I enter my Form

    Then on the next screen pick I'll Type it in Myself

    2 replies

    February 14, 2025

    You add that as a Form 1099-INT. Go to the federal section of TurboTax, then Wages and Income, then Interest and Dividends, then Interest on 1099-INT:

     

    Skip the import option and enter the form manually.

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    VolvoGirl
    VolvoGirlAnswer
    Employee
    February 14, 2025

    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

     

    Don't enter a bank or broker name and don't try to import it.  At the bottom pick -  Change How I enter my Form

    Then on the next screen pick I'll Type it in Myself