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Entering Form 1099-INT interest income in the Individual module in ProConnect

SOLVEDby IntuitProConnect Tax33Updated April 20, 2022

Intuit ProConnect supports most data entry from Form 1099-INT on the Interest income (1099-INT) screen under income. For more details about specific entries, select the box numbers below:

  1. Go to the Input Return tab.
  2. From the left of the screen, select Income and choose Interest Income (1099-INT, 1099-OID).
  3. Enter the Name of Payer.
  4. Enter 1 or 2 for taxpayer or spouse.
  5. Enter the amount in Banks, S&L, Etc.
  1. Go to the Input Return tab.
  2. From the left of the screen, select Income and choose Interest Income (1099-INT, 1099-OID).
  3. Select the Details button to expand the input screen for the name of payer.
  4. Scroll down to the Other subsection.
  5. Enter the amount in the field Early withdrawal penalty.
  1. Go to the Input Return tab.
  2. From the left of the screen, select Income and choose Interest Income (1099-INT, 1099-OID).
  3. Select the Details button to expand the input screen, for the name of payer.
  4. Scroll down the Interest Income subsection.
  5. Enter the amount in U.S. bonds, T-bills, etc. (nontaxable to state).
  1. Go to the Input Return tab.
  2. From the left of the screen, select Income and choose Interest Income (1099-INT, 1099-OID).
  3. Select the Details button to expand the input screen, for the name of payer.
  4. Scroll down to the Tax Withheld subsection.
  5. Enter the amount in Federal income tax withheld.
  1. Go to the Input Return tab.
  2. From the left of the screen, select Deductions and choose Itemized Deductions (Sch A).
  3. From the top of the screen, select Interest.
  4. Enter the amount in the field Investment interest.
  1. Go to the Input Return tab.
  2. From the left of the screen, select Income and choose Interest Income (1099-INT, 1099-OID).
  3. Select the Details button to expand the input screen, for the name of payer.
  4. Scroll down to the Tax-exempt interest subsection.
  5. Enter the amount in the field Total municipal bonds
  1. Go to the Input Return tab.
  2. From the left of the screen, select Income and choose Interest Income (1099-INT, 1099-OID).
  3. Select the Details button to expand the input screen, for the name of payer.
  4. Scroll down to the Tax-exempt interest subsection.
  5. Enter the amount in the field Specified private activity bond interest included above (6251).
  1. Go to the Input Return tab.
  2. From the left of the screen, select Income and choose Interest Income (1099-INT, 1099-OID).
  3. Select the Details button to expand the input screen, for the name of payer.
  4. Scroll down to the Adjustments to Federal Taxable Interest subsection.
  5. Enter the box 10 amount in Original issue discount (OID) as a negative amount.
  1. Go to the Input Return tab.
  2. From the left of the screen, select Income and choose Interest Income (1099-INT, 1099-OID).
  3. Select the Details button to expand the input screen, for the name of payer.
  4. Scroll down to the Adjustments to Federal Taxable Interest subsection.
  5. Enter the bond premium amounts in the field Amortizable bond premium​.
  1. Go to the Input Return tab.
  2. From the left of the screen, select Income and choose Interest Income (1099-INT, 1099-OID).
  3. Select the Details button to expand the input screen, for the name of payer.
  4. Scroll down to the Tax-exempt interest subsection.
  5. Enter the amount in Amortizable bond premium on tax-exempt bonds.

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