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Interest and dividends

Form 1099-INT data entry

To enter information from Form 1099-INT, Interest Income, you can either:
  • Use Source Data Entry.
  • Use the following table to find where to enter the information.
note
  • To access the columns for foreign amounts, select
    Show foreign columns
     from the toolbar.
Form field
Folder > Screen
Field
Statement column
Payer's Name
Income > B&D
Interest Income
Description
Recipient's TIN
Income > B&D
Interest Income
T S J
Box 1 - Interest Income
Income > B&D
Interest Income
Interest Income
Box 2 - Early withdrawal penalty
Income > B&D
Interest Income
Early W/D penalty
Box 3 - Interest on U.S. Savings Bonds and Treasury obligations
Income > B&D
Interest Income
US Ob ($ or %); additionally, add the taxable obligation to the Interest Income column
Box 4 - Federal income tax withheld
Income > B&D
Interest Income
Fed W/H
Box 5 - Investment expenses
Income > B&D
Interest Income
Inv Exp
Box 6 - Foreign tax paid
Income > B&D
Interest Income
Foreign Tax Paid; when Foreign Columns are showing.
Box 7 - Foreign country or U.S. possession
Income > B&D
Name of foreign country or possession
N/A
Box 8 - Tax-exempt interest
Income > B&D
Interest Income
Tax Exempt
Box 9 - Specified private activity bond interest
Income > B&D
Interest Income
AMT Int Income (PAB)
Box 10 - Market discount
Income > B&D
Interest Income
Interest Income
Box 11 - Bond premium
Income > B&D
Interest Income
Interest Income, Type code = 6 (see note)
Box 12 - Bond premium on Treasury obligations
Income > B&D
Interest Income
Interest Income, Type code = 6 (see note)
Box 13 - Bond premium on tax-exempt bond
Income > B&D
Interest Income
Enter net of Box 8 minus Box 13 in Tax Exempt Amount
Box 15 - State
Income > B&D
Interest Income
State
Box 16 - State identification no.
Income > B&D
Interest Income
State ID No.
Box 17 - State tax withheld
Income > B&D
Interest Income
State W/H
Boxes 15, 16, and 17, second state
N/A
N/A
N/A
Payer's Name
Itemized Deductions > A
Interest Expenses
Description
Recipient's TIN
Itemized Deductions > A
Interest Expenses
T S J
note
When entering Bond Premium adjustments, add a 2nd line in the
Interest income
 statement to enter these amounts with Type Code 6.

This article applies to:

  • PRODUCT: UltraTax CS
  • Return type: 1040 Individual
  • Subject: Interest income

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