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Level 2
February 10, 2021
Solved

Nonqualified interest

  • February 10, 2021
  • 2 replies
  • 69 views

I have a consolidated 1099 which shows an amount for 1099-Int reportable interest.  It also shows as an information item an amount for nonqualified interest. This interest is from an investment in a note from Barclays Bank, PLC.  The nonqualified interest is not, repeat is not included in the amount reported on the 1099-INT portion of the consolidated 1099.  Where is this nonqualified interest income to be reported in ProSeries?

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Best answer by 4N6CPA

So obvious, I was completely blind to that option.  Duh on me! Thanks

2 replies

sjrcpa
Level 15
February 10, 2021

Same place as 1099-INT interest.

The more I know the more I don’t know.
4N6CPAAuthorAnswer
Level 2
February 10, 2021

So obvious, I was completely blind to that option.  Duh on me! Thanks