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February 20, 2025
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Reporting Interest from a Church

  • February 20, 2025
  • 1 reply
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In Turbo Tax Home & Business where do I report the interest I received from money I loaned a church?  I did not receive an 1099-INT or 1098 from them (I believe they do not have to file or send any forms because they are tax exempt and a non-profit.)

Best answer by VolvoGirl

All you need to enter is the bank name or who paid you and put the amount in box 1.

 

Enter interest received like a 1099-Int under

Federal Taxes tab (Personal for Home & Business)

Wages & Income

Interest and Dividends

Interest on 1099INT - Click the Start or Update button

 

Put the interest amount in box 1

1 reply

VolvoGirl
VolvoGirlAnswer
February 20, 2025

All you need to enter is the bank name or who paid you and put the amount in box 1.

 

Enter interest received like a 1099-Int under

Federal Taxes tab (Personal for Home & Business)

Wages & Income

Interest and Dividends

Interest on 1099INT - Click the Start or Update button

 

Put the interest amount in box 1