Article: 50066
If you were paid interest income, including bank interest, you may have received a Form 1099-INT. If you received more than one Form 1099-INT, enter each one separately. A combined 1099-INT is not supported in 1040.com.
If you didn’t receive a form, you can still enter your interest income on your return.
For more information, see Instructions for Forms 1099-INT and 1099-OID and About Form 1099-INT, Interest Income.
Add Form 1099-INT
To add 1099-INT:
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Go to Federal Taxes.
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Click Review.
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Click I’d like to see the forms I’ve filled out or search for a form.
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Enter INT in the search box and add 1099-INT – Interest Earned.
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Enter your information and click Save.
If you received more than one Form 1099-INT, enter each one separately.
FATCA
FATCA refers to the Foreign Account Tax Compliance Act, which was passed as part of the HIRE Act. Generally, foreign financial Institutions and certain other non-financial foreign entities are required to report the foreign assets held by their US account holders or be subject to withholding on payments. Refer to https://www.irs.gov/businesses/corporations/fatca-information-for-individuals for more information.
State-Exempt Interest
If your interest income is exempt from state taxes, but is taxable on the federal return, enter it as above, then at the bottom of the 1099-INT screen, click I’d like to see advanced options. Select the option State tax-exempt interest (federally taxable) and enter your state-exempt interest amounts.