Reporting investment income

Overview

If you earned money from savings accounts, investments, or selling assets during the year, that income is generally taxable. FileJoy helps you report it all in the right place.

Interest Income (1099-INT)

Banks and financial institutions send you a 1099-INT if you earned more than $10 in interest during the year. Common sources include:

• Savings accounts
• Certificates of deposit (CDs)
• Money market accounts
• Treasury bonds

How to Enter in FileJoy

1. Click **Income** in the left sidebar
2. Select **Interest & investments**
3. Click **Add 1099-INT**
4. Enter the payer name and the interest amount from Box 1

Dividend Income (1099-DIV)

If you own stocks, mutual funds, or ETFs that paid dividends, you'll receive a 1099-DIV. There are two types of dividends to know about:

• **Ordinary dividends** (Box 1a) — Taxed at your regular income tax rate
• **Qualified dividends** (Box 1b) — Taxed at the lower capital gains rate (0%, 15%, or 20%)

How to Enter in FileJoy

1. Click **Income** in the left sidebar
2. Select **Interest & investments**
3. Click **Add 1099-DIV**
4. Enter the amounts from your form

Capital Gains and Losses

When you sell stocks, bonds, mutual funds, or other investments, you may have a capital gain (sold for more than you paid) or a capital loss (sold for less).

• **Short-term** gains (held 1 year or less) are taxed as ordinary income
• **Long-term** gains (held more than 1 year) get favorable tax rates

Your brokerage will send you a 1099-B with the details. In FileJoy, enter each transaction or import a summary from your brokerage statement.

How to Enter in FileJoy

1. Click **Income** in the left sidebar
2. Select **Interest & investments**
3. Click **Add Capital Gains**
4. Enter each sale or upload your 1099-B

Losses can offset gains: If you lost money on some investments, those losses reduce your taxable gains. You can also deduct up to $3,000 in net capital losses against your other income each year.

Tips

• Don't forget about interest from high-yield savings accounts—it adds up
• If your brokerage provides a consolidated 1099, it may include INT, DIV, and B forms all in one
• Capital loss carryovers from previous years should be entered too