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April 16, 2022
Question

How do I file 1099-INT for my business EIN?

  • April 16, 2022
  • 1 reply
  • 0 views

I got 1099-INT to my business's EIN.  There's no section in Turbo business income section to add 1099-INT.  The only section that can add 1099-INT is in personal income section and I cannot select my business as recipient.  How do I add this business 1099-INT correctly?

    1 reply

    AliciaP1
    April 16, 2022

    You need to add additional income to your Schedule C as Uncommon Income which covers interest.

     

    To do this in TurboTax Online you can follow these steps:

     

    1. Within your tax return use the magnifying glass icon to search Schedule C
    2. Use the Jump to link that appears in the results
    3. Click Edit for the Schedule C you want to add the income to
    4. Scroll down and click Add Income for this work
    5. Mark the Uncommon income, includes awards, interest, debt previously deducted line and enter the amount from your 1099-INT

     

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