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March 25, 2025
Question

I received over $4,000 interest from the IRS for taking 11 months to finish my return. How do I report this?

  • March 25, 2025
  • 1 reply
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1 reply

DoninGA
March 25, 2025

You complete a Form 1099-INT for the interest received.  For Received from you enter the IRS and amount of interest received in box 1

 

To report interest income received -

Click on Federal Taxes (Personal using Home & Business)
Click on Wages and Income (Personal Income using Home & Business)
Click on I'll choose what I work on
Investments and Savings
On Interest on 1099-INT, click on the start or update button


Or enter interest income in the Search box locate in the upper right of the program screen. Click on Jump to interest income


Online returns -

On the screen Did you have investment income in 2024? Click on Yes

On the screen Let's import your tax info, click on Enter a different way

On the screen OK, let's start with one investment type, click on Interest and Continue

On the screen How would you like to upload your 1099-INT? Click on Type it in myself


Desktop editions 2024 -

On the screen Did you have investment income in 2024?, Click on Yes
On the screen Let Us Enter Your Bank and Brokerage Tax Documents, click on Skip Import
On the screen OK, let's start with one investment type, click on Interest and Continue