Where do I report bank interest earned on a rental property bank account?

Forum|Forum|1 year ago
March 28, 2025
1 reply
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The 1099-INT is issued to my SSN.

TurboTax Online

Best answer by KrisD15

HERE is a link to a thread with a similar question.

If the rental is not treated as a business, you can report the interest as personal interest.

If you want to have the rental claim the interest, it is suggested that you make a double entry, enter Form 1099-INT, back-out the income and enter again as rental income.

The issue is that the IRS will want to match Form 1099-INT and entering it as personal interest makes the entry obvious.

KrisD15Answer

HERE is a link to a thread with a similar question.

If the rental is not treated as a business, you can report the interest as personal interest.

If you want to have the rental claim the interest, it is suggested that you make a double entry, enter Form 1099-INT, back-out the income and enter again as rental income.

The issue is that the IRS will want to match Form 1099-INT and entering it as personal interest makes the entry obvious.

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