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My husband died in February 2016. I received a life insurance payment, with interest. I believe only the interest is taxable. How do I report the interest in Turbo Tax?

I can't find any income category for life insurance interest in the Turbo Tax screens.

Best answer by Texas Roger

It is entered in the same place bank interest reported on a 1099-INT is entered. Just enter it as if you had received a 1099-INT.

Employee

It is entered in the same place bank interest reported on a 1099-INT is entered. Just enter it as if you had received a 1099-INT.

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