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D
dyons
Employee
March 6, 2019
Question

Where do I enter interest payments for a business savings account?

  • March 6, 2019
  • 1 reply
  • 0 views

I have a business savings account, on which I have received interest payments. Do I enter this somewhere in Schedule C or do I add it to Form 1040 Line 2b (along with all my other personal savings accounts)?

 

If I have to add it to Schedule C, which is the correct place?

 

Thanks.

    1 reply

    IsabellaG
    IsabellaG
    Employee
    March 6, 2019

    As long as your business isn't a corporation or a partnership, you can report this with your regular personal interest.

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