Help Articles

This article will help you input 1099-INT amounts into Lacerte.

Where do I enter amounts from 1099-INT box 1?

Go to Screen 11, Interest Income.
Enter the Name of Payer.
From the left Sections, choose Form 1099-INT.
Scroll down to Interest Income.
Enter the amount in Banks, savings & loans, credit unions, etc (code 2).

Where do I enter amounts from 1099-INT box 2?

Go to Screen 11, Interest Income.
Enter the Name of Payer.
From the left Sections, choose Form 1099-INT.
Scroll down to Other.
Enter the amount in Early withdrawal penalty (code 18).

Where do I enter amounts from 1099-INT box 3?

Go to Screen 11, Interest Income.
Enter the Name of Payer.
From the left Sections, choose Form 1099-INT.
Scroll down to Interest Income.
Enter the amount in U.S. bonds, T-bills, etc. (nontaxable to state) (code 4)

Where do I enter amounts from 1099-INT box 4?

Go to Screen 11, Interest Income.
Enter the Name of Payer.
From the left Sections, choose Form 1099-INT.
Scroll down to Tax Withheld.
Enter the amount in Federal income tax withheld (code 14).

Where do I enter amounts from 1099-INT box 5?

Go to Screen 25, Itemized Deductions.
From the left Sections, choose Interest.
Enter the amount in Investment interest (Ctrl+E) (code 24)

Where do I enter amounts from 1099-INT boxs 6 and 7?

The amounts from box 6 and 7 are used to generate a Foreign Tax Credit. If your client needs to file Form 1116 see the following article:

Generating Form 1116 Foreign Tax Credit for an Individual Return

Where do I enter amounts from 1099-INT box 8?

Go to Screen 11, Interest Income.
Enter the Name of Payer.
From the left Sections, choose Form 1099-INT.
Scroll down to Tax-Exempt Interest.
Enter the amount in Total municipal bonds (code 19).

Where do I enter amounts from 1099-INT box 9?

Go to Screen 11, Interest Income.
Enter the Name of Payer.
From the left Sections, choose Form 1099-INT.
Scroll down to Tax-Exempt Interest.
Enter the amount in Specified private activity bonds included above (6251) (code 7).

Where do I enter amounts from 1099-INT box 10?

Go to Screen 11, Interest Income.
Enter the Name of Payer.
From the left Sections, choose Form 1099-INT.
Scroll down to Adjustments to Federal Taxable Interest.
Enter the amount in Original issue discount (OID) (code 11) as a negative number.
- Market discount on a tax-exempt security is categorized as interest income, so entry as a negative amount will increase the total interest income on Schedule B and Form 1040.

Where do I enter amounts from 1099-INT box 11?

Go to Screen 11, Interest Income.
Enter the Name of Payer.
From the left Sections, choose Form 1099-INT.
Scroll down to Adjustments to Federal Taxable Interest.
Enter amounts in Amortizable bond premium (code 12).

Where do I enter amounts from 1099-INT box 12?

Go to Screen 11, Interest Income.
Enter the Name of Payer.
From the left Sections, choose Form 1099-INT.
Scroll down to Tax-Exempt Interest.
Enter the amounts in Amortizable bond premium on Treasury obligations (code 36).

Where do I enter amounts from 1099-INT box 13?

Go to Screen 11, Interest Income.
Enter the Name of Payer.
From the left Sections, choose Form 1099-INT.
Scroll down to Tax-Exempt Interest.
Enter the amounts in Amortizable bond premium on tax-exempt bonds (code 37).

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