If you earned interest during the 2026 tax year, you may receive Form 1099-INT, Interest Income. This form reports interest paid to you by banks, credit unions, investment accounts, government obligations, and other financial institutions. You'll use the information on Form 1099-INT when preparing your 2026 federal tax return, which is filed in 2027.
Common types of interest reported on Form 1099-INT include:
- Interest from checking and savings accounts
- Certificates of deposit (CDs)
- U.S. Savings Bonds
- Treasury bills and Treasury notes
- Other interest-bearing investments
Where Do I Enter Form 1099-INT?
To enter your Form 1099-INT in the program:
- Select Federal.
- Select Income and then My Forms.
- Select 1099-DIV, INT, OID – Interest Income, Dividends, and Distributions.
- Choose Form 1099-INT and enter the information exactly as it appears on your form.
The program will automatically place the amounts in the correct locations on your tax return.
Small Amounts Under 50 Cents
If the 1099-INT (or any form) is less than 50 cents, the amount is rounded down to $0 and is not required to be reported.
Understanding Form 1099-INT Boxes
Box 1 – Interest Income
Reports taxable interest income. This amount is generally included as taxable interest on your federal tax return.
Box 2 – Early Withdrawal Penalty
Reports interest or principal forfeited because funds were withdrawn before a certificate of deposit (CD) or similar investment reached maturity.
Box 3 – Interest on U.S. Savings Bonds and Treasury Obligations
Reports interest earned from U.S. government obligations. This interest is generally taxable on your federal return but is often exempt from state and local income taxes.
Box 4 – Federal Income Tax Withheld
Reports federal income tax withheld, including backup withholding. This amount is credited toward your federal tax liability.
Box 5 – Investment Expenses
Reports your share of investment expenses from a single-class REMIC. This amount is included in Box 1 and is provided for informational purposes. These expenses are not currently deductible on individual federal tax returns.
Box 6 – Foreign Tax Paid
Reports foreign tax withheld from the interest income you received.
Box 7 – Foreign Country or U.S. Possession
Not currently supported.
Box 8 – Tax-Exempt Interest
Reports tax-exempt interest, which is generally shown on Form 1040, Line 2a.
Box 9 – Specified Private Activity Bond Interest
Reports interest included in Box 8 that may be subject to the Alternative Minimum Tax (AMT). This amount may be included on Form 6251.
Box 10 – Market Discount
Reports accrued market discount on certain covered securities. Market discount generally occurs when a bond is purchased for less than its face value. The amount is typically added to taxable interest reported on Schedule B.
Box 11 – Bond Premium
Reports bond premium on covered taxable securities. Bond premium generally occurs when a bond is purchased for more than its face value. This amount reduces taxable interest and appears as an "ABP Adjustment" on Schedule B.
Box 12 – Bond Premium on U.S. Treasury Obligations
Reports bond premium related to covered U.S. Treasury securities. This amount reduces taxable interest and is reported as an "ABP Adjustment" on Schedule B.
Box 13 – Bond Premium on Tax-Exempt Bonds
Reports bond premium on covered tax-exempt securities. This amount reduces the tax-exempt interest reported on Form 1040, Line 2a, but not below zero.
Box 14
Provided for informational purposes only and is not entered on the tax return.
Boxes 15–17 – State Information
Report state tax withholding and related state income information connected to the interest reported on the form.
Need Help With Form 1099-INT?
When you enter your Form 1099-INT, the program automatically applies the information to the appropriate federal and state forms. Simply enter the amounts from each box exactly as shown on your original form, and we'll do the calculations for you.