You should receive a Form 1099-INT from banks and financial institutions for interest earned over $10. Even if you did not receive a Form 1099-INT, or if you received under $10 interest for the year, you must still report any interest earned and credited to your account during the tax year.

1. From within your TaxAct return (Online or Desktop) click Federal. On smaller devices, click in the upper left-hand corner, then select Federal.
2. Click Investment Income to expand the category, then click Interest Income (Form 1099-INT)
3. Click +Add Form 1099-T to create a new copy of the form or click Review to review a form already created
4. Click Quick Entry or Step-by-Step Guidance. If you select Quick Entry, be sure to scroll down to answer all applicable questions. If you select Step-by-Step Guidance, the program will proceed with the interview questions.