How to report 1099-INT interest income received by an LLC taxed as a disregarded entity?

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How to report 1099-INT interest income received by an LLC taxed as a disregarded entity?

@karenblackwell wrote:

. there has to be a more clear way to report it on Schedule C but still reference the 1099-INT

You do not actually want to report bank interest (e.g., savings account interest) on your Schedule C unless you are dead set on paying self-employment tax on that interest income.

Otherwise, that type of interest income should be reported as personal, rather than business, income.

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How to report 1099-INT interest income received by an LLC taxed as a disregarded entity?

You would still report this interest income under Schedule C. Even though the LLC is considered a disregarded entity for income tax filing purposes, this will not change business interest income (reported on Schedule C) to personal interest income (reported on Schedule B).

You can report this LLC interest income under "other income" under the business income (screenshot).

Please note: Even though line 5 on the Schedule C says "other income not reported on 1099", it is actually referring to 1099-MISC income only and not interest income (reported on a 1099-INT). So this is the appropriate place to report business interest income if you received a Form 1099-INT.