1) Enter your Return, search and select Interest Listing Page
2) On the Interest Listing Page, select +Add New
3) Complete the Interest Listing Page and Save the page
Interest entry method selection
Basic - Choose this method if Boxes 1 and 4 have amounts included
Advanced - Choose this method if Boxes 2, 6, 8, 11, or 15-17 have amounts included
Seller-Financed Mortgage Interest - Choose this method if the income is Seller-Financed Mortgage Interest
If the interest income amounts to $1,499 or less, it will be reflected on line 2b of your Form 1040.
If the income amounts to $1,500 or more, a Schedule B will be added to your return and the amount should reflect on Schedule B, Part I and on line 2b of Form 1040.
DO NOT combine multiple interest income amounts, add a New listing for each. There is no limit to the number of listings a return can include.
Reporting income from Box 3 of Form 1099-INT is currently not supported on FileYourTaxes.com